$750 Million in Leveraged Longs Liquidated as $BTC Pulls Back The crypto market has seen a wave of long liquidations over the past 48 hours. Approximately $750 million worth of leveraged long positions have been forced closed as Bitcoin retreated from recent highs near $79,000 back toward the $75,000–$76,000 area. Most major coins are trading lower on the day, with widespread red across the board. This follows the sharp rally earlier in the week that had liquidated billions in short positions. Once price stalled and began to reverse, highly leveraged longs that had chased the upside became vulnerable. The forced selling from those liquidations added further downward pressure in the short term. $BTC is currently holding around the mid-$75,000s to low $76,000s after the pullback. The move shows how quickly leverage can shift from fueling a rally to amplifying a correction. A clear reset of leveraged long positions after the strong multi-day advance. Do you see this pullback as healthy consolidation after the rapid rise, or the start of a deeper correction?

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