Bitcoin Drops 1.36% in an Hour to $78,756 as Long Liquidations Reach $38.04M

Bitcoin (BTC) fell 1.36% in the hour to 9:50 a.m. ET Thursday (14:50 UTC), reaching $78,756 on Binance’s BTC/USDT spot market. It was down 1.06% over 24 hours at that observation time.

The one-hour comparison was $79,839 at 8:50 a.m. ET and $78,756 at 9:50 a.m. ET, a decline of $1,083. The price measurement uses a direct collection of public exchange quotes, with Binance’s BTC/USDT spot price as the current reading. The 24-hour figure compares the current price with its level a day earlier.

Liquidations across Binance, Bybit and OKX during the same hour totaled $38.04 million in long positions and $610,000 in short positions. Long liquidations exceeded short liquidations by $37.43 million, roughly 62 to one.

Bitcoin had a market capitalization of about $1.596 trillion, making it the largest cryptocurrency by that measure. At the 9:50 a.m. ET reading, its hourly percentage drop exceeded its 24-hour decline, based on the respective 1.36% and 1.06% changes.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].