Positions with leveraged crypto bets totaling $1.5 billion were liquidated as Bitcoin dropped to $76,460, before the subsequent recovery began to exert pressure on short sellers. Over the past 24 hours, the cryptocurrency market recorded $1.53 billion in liquidations, with long positions suffering the heaviest losses at approximately $1.29 billion (83.8%). Bitcoin fell to $76,460, while Ether dropped below $2,200; BTC and ETH accounted for more than half of the total liquidation value. Following the rebound, short positions began to be aggressively liquidated, totaling $57.3 million of the latest $85 million in liquidations, adding further buying pressure to the market.