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Bitcoin drops below $78,700 wiping out $295M in long positions after strong US jobs data.

Market News
04 Sep 2026
Bitcoin
View Source
Bearish
Bitcoin drops below $78,700 wiping out $295M in long positions after strong US jobs data.

Bitcoin surged past $82,000 before sharply falling below $78,700, erasing nearly all gains after strong US employment data reduced expectations for a Federal Reserve rate cut. This sudden reversal triggered over $295 million in long position liquidations across the crypto market, pushing Bitcoin's market cap down from $1.62 trillion to $1.57 trillion. The robust jobs report signals a resilient economy, causing investors to fear prolonged high interest rates, which pressured both stocks and cryptocurrencies. Despite the pullback, some investors remain optimistic about Bitcoin's long-term growth driven by currency debasement and central bank policies.

More News (BTC)

Bitcoin drops below $82,000 as several altcoins plunge over 20% in 24 hours

Bitcoin drops below $82,000 as several altcoins plunge over 20% in 24 hours

Bitcoin fell below $82,000 amid a sharp sell-off affecting smaller cryptocurrencies, with several altcoins losing more than 20% in a single day. Tokens like BOME, BLUR, and STRK saw declines between 28% and 30%, while others such as PONS, USELESS, EN...

Market News
Bearish
4 hours ago
Bitcoin dips below $82K amid $488M crypto liquidations, mostly long positions.

Bitcoin dips below $82K amid $488M crypto liquidations, mostly long positions.

Bitcoin's price dropped below $82,000 on Monday evening, triggering $488.61 million in liquidations over 24 hours, primarily from long positions which accounted for 83.2% of the total. This affected over 118,000 traders, with the largest single liqui...

Market News
Bearish
5 hours ago
Bitcoin falls below $82K as $489M in crypto longs liquidate amid inflation worries.

Bitcoin falls below $82K as $489M in crypto longs liquidate amid inflation worries.

Bitcoin's price dropped below $82,000 on October 12, 2026, triggering $488.61 million in liquidations, mostly from long positions. This decline reflects several pressures including institutional ETF outflows, rising U.S. Treasury yields, geopolitical...

Market News
Bearish
5 hours ago
Bitcoin funding rate hits 9.2% annualized as open interest drops across major cryptos

Bitcoin funding rate hits 9.2% annualized as open interest drops across major cryptos

Bitcoin's funding rate reached 9.2% annualized with a slight decline in open interest to $7.67 billion, indicating mixed market positioning. Ether showed the strongest long bias with 74.4% longs and a 3.3% annualized funding rate, while Solana, XRP, ...

Technical Signals
Neutral
6 hours ago
Bitcoin supply tightens as geopolitical tensions and policy news drive crypto volatility and selective altcoin gains.

Bitcoin supply tightens as geopolitical tensions and policy news drive crypto volatility and selective altcoin gains.

Over the past year, about 700,000 Bitcoin have been withdrawn from exchanges, reducing available supply and potentially amplifying price moves amid sustained demand. Conflux surged 17% following China's blockchain policy announcement, while Ethereum,...

Market News
Neutral
7 hours ago
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