Bitcoin Dives Below $75K for First Time in a Month as Crypto Liquidations Near $1 Billion

Andrew Hayward

Sat, May 23, 2026 astatine 11:22 AM CDT 2 min read

Bitcoin is starting to rebound aft a rocky nighttime that saw the apical cryptocurrency by marketplace headdress dive beneath $75,000 for the archetypal clip successful implicit a month, dipping arsenic debased arsenic $74,344 successful the aboriginal hours of Saturday.

The coin is presently trading astir $75,500, showing a 1.8% driblet implicit the past 24 hours and 2.7% successful the past week. Bitcoin had traded supra the $80,000 people arsenic precocious arsenic past week earlier starring a broader crypto marketplace dip successful the days since.

Other large cryptocurrencies are showing akin declines, with Ethereum falling 2.7% successful the past time to a caller terms of $2,059 and Solana declining implicit 3% to a terms of $84.

Thanks to Bitcoin's overnight dip beneath the $75,000 mark, a increasing heap of crypto futures positions has been liquidated successful the past day. CoinGlass presently shows $917 cardinal worthy of liquidations during the past 24 hours, led by Bitcoin with $371 cardinal worthy and Ethereum astatine astir $261 cardinal worth.

Long positions—or bets that an asset's terms volition rise—dominate the carnage with $827 cardinal worthy of liquidations.

While there's nary instantly evident trigger for Bitcoin's latest limb down, the dip beneath $75,000 comes arsenic Bitcoin ETFs had a unspeakable week, shedding implicit $1.25 cardinal worthy of investments amid a six-day streak of outflows per information from Farside Investors.

Rising U.S. Treasury yields whitethorn person contributed to the ETF outflows, which past pummel the terms of Bitcoin, an manufacture enforcement told Decrypt earlier this week.

“Geopolitical shocks nary longer deed crypto straight the mode they erstwhile did,” said Yellow Capital CEO Diego Martin. “They deed Treasury yields, which deed hazard appetite, which hits ETF flows, which deed Bitcoin. The transmission is much organization now.”