HomeCrypto NewsBitcoin crashes below strategy cost base of $76,000 in $2 billion liquidation...

Bitcoin crashes below strategy cost base of $76,000 in $2 billion liquidation event

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Bitcoin experienced a sudden liquidity cascade over the weekend, driving the BTC price to just about $75,000 for the primary time since its April 2025 low.

Bitcoin (BTC) fell over 7% during weekend trading as one other price drop liquidated $800 million.

Key points:

  • As mass liquidations speed up, Bitcoin falls to close its 2025 low.

  • BTC price motion is failing to sustain the $80,000 mark and its key true market mean level.

  • Strategy's corporate treasury of 700,000 BTC falls into the red in comparison with its total cost base.

BTC price collapses below $76,000

Data from TradingView showed that BTC price losses caused BTC/USD to fall below $80,000 for the primary time since April 2025.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

Bitcoin traders were already licking the injuries of a brutal week and facing deeper downside as low liquidity conditions exacerbated volatility over the weekend.

At the time of writing, BTC/USD was trading below $78,000, with the April 2025 bottom near $74,500 now in focus.

“The local low at $80.5K has been worn out,” Keith Alan, co-founder of trading resource Material Indicators, responded to X.

Analyst On-Chain College noted that Bitcoin has now lost its true market average – the overall cost basis for the currently lively BTC supply.

“Bitcoin is now BELOW the true market average ($80.7k) for the primary time since October 2023 when the worth was $29k,” he noted.

“Simply put, this isn’t good for Bitcoin’s short- to medium-term price performance.” BTC/USD one-week chart with real market mean lively supply. Source: Cointelegraph/TradingView

Alan cited various bearish levels, including the height of the last Bitcoin bull market in November 2021 at $69,000.

BTC/USD one-day chart. Source: Keith Alan/X

Previously, Cointelegraph reported that $76,000 was a well-liked goal as Bitcoin received no bid despite stocks and precious metals surpassing all-time highs.

Strategy Bitcoin holdings fall into negative territory

Meanwhile, one other cost base level was emerging for each crypto market participants and beyond.

Strategy, the corporate with the most important Bitcoin treasury, fell into the red with its BTC holdings of $76,037.

The company currently holds greater than 700,000 BTC, with its share price at $143 after falling almost 70% from its local high of $455 in July last yr.

Strategy (MSTR) stock price (screenshot). Source: Bitcoin Treasuries

This article doesn’t contain any investment advice or recommendations. Every investment and trading activity involves risks and readers should conduct their very own research when making their decision. While we attempt to supply accurate and up-to-date information, Cointelegraph doesn’t guarantee the accuracy, completeness or reliability of the knowledge in this text. This article may contain forward-looking statements which are subject to risks and uncertainties. Cointelegraph is not going to be chargeable for any loss or damage arising out of your reliance on this information.

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