Bitcoin breaks above $80,000 for the first time in 113 days, triggering $179M in crypto futures liquidations.
Macro & Markets ·
Bitcoin climbed above the $80,000 threshold for the first time in 113 days, according to Binance market data. The asset last traded above that level on May 4, 2026, and currently trades near $79,174, marking a near three-month high.
The price movement coincided with significant liquidations across crypto derivatives markets. Over a four-hour window, approximately $179.19 million in total liquidations occurred, with $78.99 million stemming from long positions and $100.20 million from short positions, according to CoinGlass data.
The liquidation split suggests uneven positioning heading into the breakout, though the precise triggers and market conditions driving both the price recovery and the asymmetric liquidation flow remain unspecified in available reports.