{"id":131407,"date":"2026-01-31T16:04:36","date_gmt":"2026-01-31T16:04:36","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=131407"},"modified":"2026-01-31T16:04:36","modified_gmt":"2026-01-31T16:04:36","slug":"bitcoin-btc-price-tanks-toward-80k-as-liquidations-approach-1b","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=131407","title":{"rendered":"Bitcoin (BTC) Price Tanks Toward $80K as Liquidations Approach $1B"},"content":{"rendered":"

After a relatively calm and untypical Friday, in which BTC remains sideways around $83,000 and $84,000 while the precious metal market tanked, the cryptocurrency is dumping hard once again on Saturday.<\/p>\n

Recall that the asset\u2019s overall calamity began on Thursday when it was rejected at $90,000. In the following hours, it dropped<\/a> by nine grand to a then-two-month low of $81,000.<\/p>\n

It recovered some ground yesterday when it rebounded to $84,000, which now appears as a dead-cat bounce. At the same time, silver and gold plunged<\/a> by 40% and 16%, respectively, erasing roughly $7 billion of their respective market caps within just a day.<\/p>\n

However, the past few hours have brought more pain to the bulls, with BTC slipping to just under $81,000. This became its lowest price tag since November 21.<\/p>\n

<\/a>BTCUSD Jan 31. Source: TradingView<\/p>\n

Most altcoins are also deep in the red now. Ethereum is down by 7% in the past 24 hours alone, slumping toward $2,500. BNB and XRP have plummeted by 5-6% daily as well.<\/p>\n

It\u2019s no wonder that the total value of wrecked positions is on the rise, approaching $1 billion in the past 24 hours alone. Naturally, longs are responsible for the lion\u2019s share (over $850 million), while the number of liquidated traders has shot up to roughly 240,000, shows data from CoinGlass.<\/p>\n

The single-largest wrecked position took place on Hyperliquid and was worth over $13 million. Interestingly, it involved ETH, which is among the poorest performers in the past day.<\/p>\n

<\/a>Liquidation Data on CoinGlass<\/p>\n

The post Bitcoin (BTC) Price Tanks Toward $80K as Liquidations Approach $1B<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

After a relatively calm and untypical Friday, in which BTC remains sideways around $83,000 and $84,000 while the precious metal market tanked, the cryptocurrency is dumping hard once again on Saturday. Recall that the asset\u2019s overall calamity began on Thursday when it was rejected at $90,000. In the following hours, it dropped by nine grand […]<\/p>\n","protected":false},"author":0,"featured_media":131408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-131407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/131407"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=131407"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/131407\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/131408"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=131407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=131407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=131407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}