{"id":191807,"date":"2026-05-23T11:30:48","date_gmt":"2026-05-23T08:30:48","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/bitcoin-price-drop-liquidations-market-correction-75000\/"},"modified":"2026-05-23T11:30:48","modified_gmt":"2026-05-23T08:30:48","slug":"bitcoin-price-drop-liquidations-market-correction-75000","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-price-drop-liquidations-market-correction-75000\/","title":{"rendered":"Bitcoin Falls Below $75,000 Amid $945M in Liquidation Chaos"},"content":{"rendered":"<p>Bitcoin has dropped below the $75,000 mark, with the leading digital asset recording a 3.6% decline over the last 24 hours at the time of writing. Ethereum also faced a sharp downturn, losing over 5% in a single day as massive long-position liquidations triggered a rapid deterioration in market risk appetite.<\/p>\n\n<p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/content-img-1-8.jpg\" alt=\"\"><\/figure>\n<\/p>\n\n<p><strong><a href=\"https:\/\/www.coinglass.com\/liquidations\" rel=\"nofollow\">Data from CoinGlass reveals<\/a><\/strong> that total liquidations reached approximately $945 million in the past day. More than $870 million of these came from long positions, providing a clear signal that the market was overly aggressively positioned for continued growth.<\/p>\n\n<h2>Bitcoin and Ethereum Lead the Sell-Off<\/h2>\n\n<p>The largest liquidations were concentrated in BTC and ETH. Over $377 million in Bitcoin positions were forcibly closed, while Ethereum liquidations exceeded $256 million.<\/p>\n\n<p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/content-img-2-1.jpg\" alt=\"\"><\/figure>\n<\/p>\n\n<p>Other heavily affected assets included Solana, XRP, and Dogecoin, as most leading cryptocurrencies posted daily losses ranging between 4% and 8%.<\/p>\n\n<p>The total crypto market capitalization has shrunk to roughly $2.51 trillion. Meanwhile, the Fear and Greed Index plummeted to 34 points\u2014a zone indicating growing fear among investors.<\/p>\n\n<p>The market faced additional pressure from weaker ETF flows, heightened derivatives volatility, and a sharp cooling of speculative risk appetite following Bitcoin\u2019s recent failed attempt to maintain a breakout above $77,000.<\/p>\n\n<h2>Leverage Hits the Market Again<\/h2>\n\n<p>Data indicates that the vast majority of liquidations originated from long positions accumulated over recent weeks. In the last 12 hours alone, long liquidations reached nearly $459 million.<\/p>\n\n<p>The largest single liquidation event occurred on Bitget, involving a BTCUSDT position valued at over $32 million. Market analysts note that such sharp corrections remain a characteristic of the current cycle, as much of the crypto market\u2019s liquidity remains concentrated in derivative platforms and high-risk short-term strategies.<\/p>\n\n<h2>Altcoin Market Remains Under Pressure<\/h2>\n\n<p>The Altcoin Season Index currently sits around 39 points, showing that BTC continues to dominate the market despite the ongoing correction.<\/p>\n\n<p>Despite the general decline, specific assets like Hyperliquid (HYPE) have maintained relative strength on a weekly basis. This suggests that speculative capital is still searching for high-beta opportunities even under volatile conditions.<\/p>\n\n<p>Traders warn that if Bitcoin fails to stabilize quickly around the $74,000 \u2013 $75,000 levels, liquidation pressure could spill over into an even broader segment of the altcoin market in the coming sessions.<\/p>\n\n<p>In this environment of uncertainty and volatility, choosing a secure crypto wallet is increasingly vital for investors. For a detailed analysis of asset protection solutions, see the article on the <strong><a href=\"https:\/\/cryptodnes.bg\/kripto-valuti\/kripto-portfejli\/\">best crypto wallets for 2026<\/a><\/strong>, which reviews various options based on security, convenience, and functionality.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin and Ethereum lead a massive market sell-off as over $945 million in positions are liquidated. Market sentiment shifts to fear as BTC drops below $75K.<\/p>\n","protected":false},"author":104,"featured_media":191804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[72,424,109,294,271,272,266,223],"coin_category":[],"class_list":["post-191807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-bitcoin","tag-crypto","tag-dogecoin","tag-etf","tag-ethereum","tag-hyperliquid","tag-solana","tag-xrp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Falls Below $75,000 Amid $945M in Liquidation Chaos - CryptoDnes EN<\/title>\n<meta name=\"description\" content=\"Bitcoin and Ethereum lead a massive market sell-off as over $945 million in positions are liquidated. 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