January 21, 2026 11:45:45 UTC
Bitcoin Price Drop Below $88K as Risk-Off Wave Triggers Liquidation Cascade
Bitcoin dropped below $88,000 as a broad risk-off sentiment hit global markets, dragging major cryptocurrencies lower. The crypto market saw roughly $1.07B in liquidations over the past 24 hours, with nearly $999M coming from long positions, according to Coinglass data. Analysts say the move was driven by a mix of macroeconomic pressure and excessive leverage. Kronos Research CIO Vincent Liu described it as a leverage flush amid a risk-off macro backdrop, sparking cascading liquidations.
January 21, 2026 11:44:44 UTC
Crypto Panic Sell-Off: Why It’s Still Too Early to Buy
Crypto markets sold off sharply today, led by Bitcoin and…
