According to Coinglass data cited by ChainCatcher, if Bitcoin breaks $83,968, cumulative short liquidations on major CEXs will reach $1.622 billion. Conversely, if BTC drops below $76,415, cumulative long liquidations will reach $1.053 billion.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin-Backed Saturn Credit Completes $2M Seed Round on May 8
According to Saturn Credit's official announcement, the bitcoin-backed digital credit protocol completed a $2 million seed round on May 8, led by The Spartan Group with participation from Anchorage Digital and Susquehanna Crypto.
Saturn Credit is a stablecoin protocol built on Strategy's STRC
GateNews3m ago
ABTC Purchases 11,298 Bitmain Miners This Year Using 314 BTC Collateral, Securing 44% Discount
According to ChainCatcher, American Bitcoin Company (NASDAQ: ABTC) disclosed in its latest quarterly report that it purchased approximately 11,298 Bitmain S21 XP ASIC miners for $49.4 million this year, with 80% of the payment completed through collateralizing 314 BTC. The collateral agreement
GateNews3m ago
Fighting again in the Strait of Hormuz between Iran and the U.S. leads to the liquidation of over $269 million for Bitcoin bulls
U.S. and Iranian forces sparked a new round of direct clashes on May 8 in the Strait of Hormuz. The U.S. Central Command said that a U.S. Navy destroyer was attacked by Iran using missiles, drones, and speedboats, and that the U.S. forces immediately retaliated, striking Iran’s missile launch sites, command-and-control centers, and intelligence and reconnaissance nodes, while also carrying out strikes on Bandar Gashm and Bandar Abbas. As geopolitical risk surged sharply, Bitcoin fell below the $80k threshold on Friday, with an intraday low of $79,692.
MarketWhisper39m ago
Fighting between Iran and the US breaks out in the Strait of Hormuz; US stocks rally then pull back; Bitcoin falls back to $80,000.
US stocks pulled back after a strong rise on Thursday (5/7). The S&P 500 Index and the Nasdaq both set new intraday all-time highs in sync, but as oil prices rebounded from their lows—along with rising anxiety among investors due to the escalation of the conflict in the Middle East—all three major indexes finished the session lower across the board. Over the past 24 hours, the crypto market fell 1.23% to $2.66 trillion. The main reason was that after a strong rally, Bitcoin (BTC) saw profit-taking. However, the Fear and Greed Index remained in the neutral zone at 47.
US and Iran traded fire in the Strait of Hormuz
According to CNBC, the US and Iran exchanged fire in the Strait of Hormuz, with both sides claiming the other side launched the attack first. The renewed outbreak of hostilities further endangered the two countries’ ceasefire agreement, which had already been severely damaged by both sides’ ongoing accusations that the other violated the agreement’s terms.
The US Central Command said in a statement that later on Thursday evening, as three US Navy destroyers passed through the strait, their
ChainNewsAbmedia1h ago
Bitcoin Spot ETFs Record $1.69B Five-Day Inflow Streak, Approaching $85K Resistance
According to Glassnode, Bitcoin spot ETFs recorded their fifth consecutive day of net inflows on Wednesday, May 7, bringing the five-day total to $1.69 billion, the longest streak since July 2025. Bitcoin is trading near $81,000 and has cleared two key cost basis levels—the True Market Mean
GateNews1h ago