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Market News Bitcoin hits $77,000, causing $854 million in liquidation globally

Bitcoin hits $77,000, causing $854 million in liquidation globally

Affected by the plunge in U.S. stocks, the crypto market was turbulent, Bitcoin was hit hard, and its price once touched $77,000.

2025-04-07

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Due to the plunge in U.S. stocks, Bitcoin (BTC), which has been fluctuating for several days, has continued to plummet since the early morning of the 6th, Taiwan time. At around 7 am on the 7th, the price of Bitcoin once touched US$77,000, reaching US$77,430. The sudden plunge also caused 280,000 people around the world to have their positions liquidated within 24 hours, with the total amount of liquidation reaching US$854 million (equivalent to approximately NT$28.284 billion).

According to data from "Coinglass", in the past 24 hours, 285,480 people around the world faced liquidation due to the plunge in Bitcoin and the resulting plunge in cryptocurrencies, with a total liquidation amount of up to US$854 million. The largest single liquidation order occurred on the Bybit exchange, with a contract value of US$16.38 million.

According to the data, among all major exchanges, Binance, the world's leading cryptocurrency exchange, ranks only third in the number of liquidations on its website, accounting for 17.37% of the total, with the total amount of liquidations reaching US$4.647 million. The first is the Bybit exchange, where the total amount of liquidation reached 11.47 million US dollars, accounting for 42.87% of the total. The second is the cryptocurrency exchange Gate.io, where the total amount of liquidation reached 4.669 million US dollars. Among them, 91.13% of the liquidations were caused by long positions facing a sudden plunge in Bitcoin.