Crypto Liquidations Surge as Bitcoin Falls Below $74K. How Bad Is It?

Bitcoin plunged toward $74,000 late Sunday as another wave of forced selling swept through crypto markets. The latest crash comes as investors face several warning signs that the downturn could deepen. Bitcoin touched $73,708, its lowest since August, while Ethereum fell to $2,100. CoinGlass data showed $855.69 million in liquidations over 24 hours. More than 140,000 traders were liquidated, with long positions accounting for 90.2% of losses. The scale is concerning. Four warning signs suggest Bitcoin’s troubles extend beyond excessive leverage. 1. Bitcoin Has Broken Its Critical Support Bitcoin has fallen below its short-term holder cost basis, estimated near $75,700 by Glassnode . This means many recent buyers are underwater. Further declines could encourage them to sell, making a recovery harder. 2.

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