According to CoinDesk, volatility in the Middle East caused Bitcoin’s price to retreat to approximately $76,000. This market move triggered one of the largest liquidation events since 2026, with around 168,336 traders liquidated for a total of $762 million, including approximately $593 million in short positions—nearly three-quarters of the total. Previously, Iran’s opening of the Strait of Hormuz had boosted risk assets, pushing Bitcoin above $78,000; however, after the waterway was re-militarized, heightened risk-off sentiment led to a price correction.
Bitcoin drops to $76,000, triggering $762 million in liquidations.
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Summary
Bitcoin news emerged as the price dropped to $76,000, triggering $762 million in liquidations. A total of 168,336 traders were affected, with short positions accounting for $593 million. Earlier, Bitcoin analysis indicated the price had risen above $78,000 following Iran’s reopening of the Strait of Hormuz. However, after the channel was re-militarized, prices fell sharply.
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