Bitcoin Drops to $115,000 as Liquidations Top $155 Million
Bitcoin (BTC) experienced a sharp downturn over the past 24 hours, dropping to $115,600—a 2.27% decline on the day.
The price slide triggered a wave of liquidations across leveraged markets, with over $155.28 million in positions wiped out.
According to liquidation data, long traders bore the brunt of the move, losing $139.78 million compared to $15.50 million in short positions. The imbalance reflects overconfidence among bulls who failed to anticipate the intensity of the correction.
The drop followed a failed attempt to reclaim the $119,000 level earlier in the trading session. As momentum faded, a cascade of selling pressure accelerated the decline, dragging BTC down by nearly $3,000 within hours.
Despite the price dip, trading activity surged. Bitcoin’s 24-hour volume spiked to $84.97 billion—up 26%—as panic selling and liquidation events fueled volatility. The market cap now sits at $2.3 trillion, with a fully diluted value of $2.42 trillion.
Analysts note that the correction may have been amplified by overcrowded long positions and algorithmic triggers near key resistance zones. While the broader trend remains bullish over the longer term, short-term volatility continues to test traders’ risk management strategies.
With no fundamental catalyst behind the sudden dip, market watchers expect price stabilization once liquidation flows subside.
For now, investor sentiment remains cautious. The sharp drop and high long-side liquidations serve as a reminder of Bitcoin’s inherent volatility—even at elevated price levels.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
