$266M in BTC longs wiped out as Bitcoin breaks below $76,000.

Bitcoin's drop below $76,000 triggered $266 million in long liquidations, flushing out leveraged bulls who had held positions through the recent consolidation range. The scale of the wipe-out points to crowded positioning on the long side — when the level broke, cascading stop-losses amplified the move.

Liquidation events of this size often mark a local flush rather than a sustained breakdown, but the speed of the move leaves the order book thin on the way down. Traders will be watching whether spot demand steps in to defend current levels or whether the next support zone gets tested.