A crypto loan is liquidated as soon as the loan-to-value ratio crosses a limit set by the lender. The maths behind it fits on a single line: the loan amount divided by the current value of the coins you have pledged. That ratio is called the loan-to-value ratio, or LTV for short. When the price falls, the LTV rises, and once a published threshold is reached the lender sells your collateral without asking for your consent first.

Bitcoin traded at $78,741, or 67,719 euros, on September 8, 2026. We pulled that price the same day from CoinGecko’s public price interface, together with daily prices for the past twelve months. The one-year high was $124,740 on October 7, 2025, the one-year low $58,566 on July 1, 2026. There are 113 percent…