Bitcoin falls to $76000, triggering $762 million liquidation

According to CoinDesk, the volatile situation in the Middle East has led to a drop in Bitcoin prices to around $76000. This round of market triggered one of the largest liquidation events since 2026, with a total of approximately 168336 traders being forced to liquidate, with a total amount of $762 million. Among them, short positions were liquidated by approximately $593 million, accounting for nearly three-quarters. Previously, Iran's opening of the Strait of Hormuz once pushed up risky assets, with Bitcoin breaking through $78000. However, after the waterway was re militarily controlled, market risk aversion increased and prices subsequently fell.