ExchangeDEX+

Buy Crypto Markets Spot FuturesGOLD Earn Events

Bitcoin erased its gains for the month and fell below $88,000 as crypto markets shed $225 billion, with analysts linking the crash to a “sell America” trade andBitcoin erased its gains for the month and fell below $88,000 as crypto markets shed $225 billion, with analysts linking the crash to a “sell America” trade and

$1.8B liquidated in 48 hours as Bitcoin wipes out 2026 gains

2026/01/21 11:40

Bitcoin erased its gains for the month and fell below $88,000 as crypto markets shed $225 billion, with analysts linking the crash to a “sell America” trade and Japanese bond market woes.

Bitcoin dropped another 4% on Tuesday, with more than $1.8 billion liquidated over the past 48 hours amid tariff threats from US President Donald Trump and Japanese bond turmoil.

Bitcoin (BTC) fell to $87,790 on Coinbase in late trading on Tuesday, its lowest level since Dec. 31. Over the past 48 hours, more than $1.8 billion has been liquidated, around 93% of them long positions, reported Coinglass.

The asset has now wiped out all gains made so far this year and is down 10% from its year-to-date high of just under $98,000. It has also fallen below the 50-day exponential moving average (EMA), which served as support in the recent rally.

Market Opportunity

Ucan fix life in1day Price(1)

$0.007979

$0.007979$0.007979

-52.46%

USD

Ucan fix life in1day (1) Live Price Chart

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.