Beware of Blood in Bitcoin: $1B Drop in Liquidations and Technical Alert at $84K

In the last 24 hours, the Bitcoin market has faced a sharp correction that left the landscape full of warning signals. Watch out for blood: between $600 million and over $1 billion in long position liquidations were recorded, an event that shakes the foundations of the crypto market when least expected.

Massive Liquidations Trigger Volatility

The fall was caused by a perfect storm of events. The price touched key psychological zones near $92k-$95k, where cascading automatic sell orders were triggered. Traders with excessive leverage were swept out of the market, amplifying the downward pressure. What began as a natural correction turned into a domino effect where liquidators quickly gained ground.

The subsequent rebound pushed the price to $89.5k, revealing that there are still buyers willing to take advantage of the offer. However, the volume of massive liquidations suggests that volatility will remain front and center as the market seeks stability.

The Bear Flag Pattern Sends Warning Signals

Technical analysis outlines a concerning scenario: a Bear Flag is forming that replicates patterns seen in previous corrections. The “mast” of this pattern corresponds to the previous brutal drop, while the current red ascending channel represents the price’s attempt to recover.

The real threat arises if Bitcoin fails to consolidate above the critical support level at $87k-$88k. If this barrier breaks, technical theory projects a continuation of the fall toward $62k, an extreme but plausible scenario in moments of extreme panic.

With the current price around $84.12K and a variation of +2.61% in the last 24 hours, the market remains in fragile territory where every move can tip the scales in any direction.

Macroeconomic Factors Amplify Pressure

Beyond technical dynamics, the macroeconomic context plays a decisive role. Geopolitical tensions, noise in the treasury bond markets, and volatility in traditional markets have led large investors to seek refuge in “safe” assets like gold.

Bitcoin behaved as a pure risk asset, falling alongside stocks when global markets entered negative territory. Watch out for blood also in institutional movements: the lack of liquidity at critical moments amplifies declines.

What to Expect in the Next Moves?

Sentiment on social networks is divided between those who see the end of the bullish cycle and those who consider this a technical pause to recharge energy. Patience will be more valuable than any coin in the coming hours.

The key lies in whether Bitcoin can consistently stabilize above $90k. A firm close at this level could calm algorithms and speculative fears. Otherwise, the route to $62k could accelerate. Watch out for blood: in this volatile market, risk management is worth more than aggressive speculation. The next moves will determine whether we are facing a healthy correction or the start of a deeper scenario.