Crypto Market Suffers $526M Liquidation Cascade in One Hour as BTC Crashes to $77K!

More than $526 million was wiped from leveraged crypto positions in a single hour, with long traders absorbing the overwhelming majority of the damage — $510 million in forced closures — as Bitcoin tumbled to $77,000. The speed and scale of the flush points to a cascade effect: falling prices triggering stop-losses and margin calls, which in turn accelerate the next leg down.

The lopsided long-to-short ratio in the liquidation data tells the deeper story. Traders were positioned for continuation of the prior uptrend, and the sudden reversal caught the market structurally offside. Events of this magnitude typically clear out excess leverage quickly, but they also reset sentiment sharply — the question now is whether $77K holds as a demand zone or becomes the next resistance level on a further leg lower.