Bitcoin Price Hits 9-Month Low Amid $2.6 Billion Liquidation: What’s Next?

Beincrypto

Bitcoin price fell below the $80,000 support level, hitting a nine-month low and wiping out $2.6 billion in trader positions.

According to BeInCrypto data, the 6% slide sent the token to $77,082 before a minor rebound. This marked the first time prices have sat this low since April 2025.

Bitcoin Sinks Below ‘Fair Value’ for First Time in Years

The price action pushed Bitcoin below critical on-chain benchmarks for the first time in years.

Glassnode data confirmed that Bitcoin fell below its True Market Mean—currently $80,500—for the first time in 30 months. The last breach occurred in late 2023, when the asset traded at just $29,000.

Historically, a breach of this level signals a transition from a bull cycle to a mid-term bear market.

As a result, BTC holders now face a grim reality as its Short-Term Holder Cost Basis has climbed to $95,400, while the Active Investor Mean stands at $87,300.

With the spot price significantly below these averages, the market now faces a substantial overhang of unrealized losses.

This technical breakdown triggered a violent deleveraging event across global derivatives exchanges.

Data from CoinGlass show that the collapse led to the liquidation of roughly $2.58 billion in trader positions.

Notably, the carnage hit one side of the market with extreme prejudice as “long” positions—bets on a price rebound—accounted for $2.42 billion of the total losses. This is the largest long liquidation event in the last three months.

Ethereum traders bore the heaviest burden, incurring $1.15 billion in liquidations, while Bitcoin-related wipes totaled more than $772 million.

This massive “long squeeze” shows that participants overleveraged their positions to defend the $80,000 floor, only to be crushed by accelerating downside momentum.

CryptoQuant CEO Ki Young Ju tied this substantial decline to an exhaustion in BTC’s buyer liquidity. He attributed this to a “flatlined” Realized Cap, which confirms that the fresh capital required to sustain a bull market has simply vanished.

According to Ju, while early investors continue to take profits on holdings acquired during the 2025 surge, no new institutional “blood” exists to absorb the supply.

“MSTR was a major driver of this rally. Unless Saylor significantly dumps his stack, we won’t see a -70% crash like previous cycles,” he added.

Considering this, he posited that the market would be forced into a “wide-ranging sideways consolidation” until a new floor emerges.

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Risk Disclosure

The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.

Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.

Recent Searches

Top Searches

Markets

Analysis

User

24/7

Economic Calendar

Education

Data

Bitcoin Price Hits 9-Month Low Amid $2.6 Billion Liquidation: What’s Next?

Risk Disclosure