Bitcoin had a meltdown so sharp, it made 2026’s gains feel like a distant memory. CoinGlass reports that 167,513 traders were kicked out of their crypto dreams, with $857 million wiped out-mostly from those who bet on the “long” side (which, honestly, is a terrible pun). The price dipped below $88,000, leaving traders scrambling like they just lost their crypto wallet password.
Liquidations And Quick Drop
CoinGlass says the liquidations were all about long positions, which basically turned the market into a rollercoaster-because who doesn’t love a good crypto ride? The crypto market value? A sad, empty shell, like a party after the host leaves.
Markets Turned Risk-Averse As Tariff Threats Spread
Trump’s tariff threats sparked a “Sell America” frenzy, sending investors fleeing to safer bets like a toddler with a cookie. Stocks tumbled and the dollar went on a diet, while Japan’s bond market made a dramatic entrance, causing global liquidity to panic.
Gold hit new highs as investors hid their cash under the mattress, while Bitcoin was left holding the bag-literally. It’s like the market decided to take a break from being a gamble and just… stopped.
It wasn’t just one thing-it was a cocktail of political drama, bond market chaos, and a tsunami of forced liquidations. Bitcoin’s 2026 gains? A mirage. The market’s version of “I’m fine, really.”
Different trackers gave slightly different figures on total market losses and exact liquidations over 24 and 48 hours. That is normal when markets move fast and data is pulled from different exchanges and windows. Still, the broad picture was clear: a fast, leveraged unwind sent prices lower and erased the year’s gains for Bitcoin. Like a bad breakup, but with numbers.
Investors are now watching global bond markets, Greenland’s tariff drama, and if the forced selling slows down-because nothing says “excitement” like a crypto market meltdown. Stay tuned, folks. It’s a wild ride, and the rollercoaster just hit a dip.
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2026-01-21 21:18