Crypto market liquidations surge to 600 million dollars as Bitcoin slides to 78,000 dollars

May 17, 2026, 11:55:05 PM UTC(5 hours ago)
Impact: High
Crypto market liquidations surge to 600 million dollars as Bitcoin slides to 78,000 dollars

Affected Assets

  • A massive long-skewed liquidation cascade flushed leverage across major tokens following a global bond selloff and poor U.S. stock performance
  • Bitcoin price dropped below the 79,000 dollar threshold triggering over 400 million dollars in liquidations within a single window
  • Major altcoins including Solana and XRP saw declines of approximately 5 percent as the liquidation event intensified
  • Market analysts attribute the volatility to recent inflation data which sparked a broader retreat from risk assets across the digital finance sector

Sources

@WatcherGuruCoinDeskOpenPRBanklessTimes
From:@WatcherGuru
BREAKING: $600,000,000 liquidated from the crypto market in the past 60 minutes. https://t.co/HvexIaGqZF
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