Bitcoin flashes to $77.5K
- Bitcoin slid from about $79,500 to roughly $77,500 on April 27 after failing to hold an $80,000 breakout, dragging major altcoins lower. - CoinGlass showed Bitcoin near $77,700 later Monday, with about $57.4 billion in open interest and tens of millions in long liquidations across exchanges. - The pullback followed last week’s run toward $80,000 and a leverage buildup in futures markets. (coindesk.com)
Bitcoin fell back toward $77,500 on Monday after a run to about $79,500 failed to break through the $80,000 level. (coindesk.com) CoinDesk reported the move as a broader crypto selloff tied to rising oil prices and weaker risk appetite, with altcoins dropping harder after Bitcoin reversed. (coindesk.com) By later Monday, CoinGlass showed Bitcoin at about $77,724, down 0.27% over 24 hours, with a market value near $1.55 trillion. (coinglass.com) That same CoinGlass snapshot showed $57.4 billion in Bitcoin futures open interest, a sign that leveraged bets were still large even after the pullback. (coinglass.com) A liquidation is a forced closeout of a leveraged trade when losses consume the trader’s margin collateral. CoinGlass says exchanges trigger that process automatically once maintenance requirements are no longer met. (coinglass.com) On Bitcoin pairs tracked by CoinGlass, Binance alone showed about $18.0 million in 24-hour long liquidations, while Bybit showed about $3.7 million and Hyperliquid about $7.2 million. (coinglass.com) The reversal came less than a week after Bitcoin climbed toward $77,500 on April 22, when traders were betting an Iran cease-fire extension and Strategy’s $2.54 billion purchase of 34,164 bitcoins could push prices higher. (coindesk.com) CoinDesk also reported on April 22 that roughly $180 million in short liquidations were at stake around the $78,000 area, underscoring how crowded derivatives positioning had become before Monday’s drop. (coindesk.com) Monday’s move left Bitcoin still up about 5.1% over seven days and 17.0% over 30 days on CoinGlass data, even as it remained down 11.3% for 2026. (coinglass.com) The immediate test is whether Bitcoin can stabilize near the mid-$77,000s or whether another flush in futures markets pulls it farther from the $80,000 threshold. (coindesk.com)
