Bitcoin Flash Crash to $61K Triggers $636M in Liquidations Amid Macro Stress
By
Terence Zimwara
An everything bagel for the brain. Substantive, layered, well-seasoned.
Summary
Bitcoin experienced a flash crash to $61,310, triggering a $1.73 billion liquidation wave that wiped out $636M in long positions. The cryptocurrency briefly rebounded to $64,600 but failed to hold gains, stabilizing around $62,200. Bitcoin remains down 3.2% daily, 14% weekly, and nearly 30% year-to-date in 2026. Analysts from Grayscale, Bitget, and Nansen weigh in on the macro stress driving the volatility.
Key quotes
· 3 pulledAfter plunging to $61,310 late Wednesday, bitcoin quickly reversed the losses, and by midnight it was hovering around $64,600.
However, the cryptocurrency could not sustain the momentum, declining gradually until it stabilized at levels just above $62,200.
BTC dipped to $61,310 amid a $1.73 billion liquidation wave.
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