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Bitcoin plunges below $76K, triggering $547M in liquidations amid market volatility

Market News
23 Aug 2026
Blockonomi
View Source
Bearish
pluang ai news

Bitcoin sharply dropped from around $79,500 to below $76,000, causing approximately $547 million in liquidations, mostly impacting leveraged long traders with $659 million forced exits. This sudden decline revealed market fragility and triggered automatic sell-offs as liquidity clusters formed between $78,300 and $68,000. Despite the selloff, US spot Bitcoin ETFs saw $307.45 million in inflows, signaling ongoing demand. Key upcoming events like US inflation data, Nvidia earnings, and the Jackson Hole symposium could influence Bitcoin's next moves, with support near $77,000 crucial for bulls.

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