Bitcoin Plunges to $87,880, Liquidating Over $60 Million in Long Positions in 30 Minutes

Bitcoin just took a brutal, rapid dive—wiping out leveraged bets in a flash.

The Liquidation Engine

A sharp price move triggered a cascade of automatic sell-offs. The market's built-in risk management—or perhaps its built-in panic button—fires indiscriminately.

Leverage's Double-Edged Sword

Traders chasing amplified gains got a harsh lesson in physics: what goes up with borrowed money can come down much, much faster. The system cleans house, transferring wealth from the overconfident to the patient.

Volatility Isn't a Bug, It's a Feature

This is the cryptocurrency market operating as designed. It doesn't sleep, it doesn't apologize, and it certainly doesn't care about your stop-loss order. It's a real-time stress test for portfolio strategy and emotional fortitude.

One cynic's 'correction' is another's opportunity—just ask the high-frequency bots already sniffing for the bounce. After all, in modern finance, someone else's catastrophic loss is always someone's tidy profit.