Crypto Market Liquidations Pass $320M as Bitcoin Holds Above $81K

• Bitcoin crossed $81K as crypto liquidations exceeded $320 million in 24 hours.
• Short traders lost over $242 million as Bitcoin reclaimed the key resistance zone.
• Analysts watch $83K resistance as Bitcoin retests prior support zone.

The crypto market recorded more than $320 million in liquidations over the past 24 hours as Bitcoin climbed above the $81,000 level for the first time in months, leading to heavy losses for bearish traders across derivatives markets. Data from CoinGlass showed that short positions accounted for the majority of liquidations during the session, showing the extent of bearish positioning before Bitcoin reclaimed the key resistance range.

The total liquidations reached approximately $320.57 million during the 24-hour period. Short positions contributed nearly $242.41 million, while long liquidations stood at around $78.16 million.

Bitcoin accounted for the largest share of liquidations, recording roughly $98.83 million. Zcash followed with approximately $48.58 million in liquidations, while Ethereum registered around $37.40 million. Other assets impacted included Toncoin at $11.75 million, XYZ at $9.45 million, and LAB at about $7.83 million.

Bitcoin Rally Triggers Short Liquidations

The market movement followed Bitcoin’s return above the $80,000 range after several months of failed recovery attempts. The last time Bitcoin traded above that level was in late January, when the same price range previously acted as a major support zone.

CoinGlass data showed that Bitcoin’s move above $80,000 heavily impacted short sellers. Around $201 million in Bitcoin short positions were liquidated within 24 hours, compared to roughly $57 million in long liquidations over the same period.

The largest single liquidation order reportedly occurred on Hyperliquid, involving a BTC-USD position valued at approximately $13.02 million.

Meanwhile, Bitcoin traded at $81,356 at the time of reporting, according to CoinMarketCap data. The cryptocurrency posted a 0.64% gain over the previous 24 hours despite moderate intraday volatility.

Bitcoin Retests Former Support Zone From January 

Bitcoin’s move back above $80,000 has returned the market to a key price zone that previously acted as a critical level earlier this year. The last time BTC traded in the $80,000–$83,000 range in late January, it initially held as support before bearish momentum took over, triggering a broader market pullback in the weeks that followed.

Current market activity has now shifted attention toward whether the latest breakout attempt can hold or if price action could follow a similar pattern once again.

The broader bull channel remains intact for now, with the upper boundary positioned near $85,000. Analysts are monitoring the $81,500 and $81,750 resistance levels, as a sustained close above those zones could allow Bitcoin to test the $82,500 and $83,200 range, with additional upside possibility extending toward $84,500.

However, failure to sustain momentum above the current resistance region could expose support levels near $80,500, $80,150, and, later, $78,350, which aligns with the 50% Fibonacci retracement.

Related: Is Bitcoin Building a Base Before Its Next Big Move Toward $88K?