Yeliz Akmaca 
Bitcoin slipped below the $76,000 level over the weekend as a sharp sell-off under low-liquidity conditions intensified downside pressure. The move pushed BTC closer to its April 2025 lows and triggered a broad liquidation cascade across the market, increasing stress on both retail traders and corporate balance sheets.
According to TradingView data, BTC/USD dropped more than 7% during weekend trading, decisively losing the $80,000 support zone. With this break, the April 2025 bottom near $74,500 has returned to focus. Thin liquidity amplified volatility, allowing sell orders to accelerate and deepen price gaps.
Liquidation Cascade Accelerates
The latest decline wiped out roughly $800 million in leveraged positions within a short time frame. Total liquidations across the crypto market approached $2 billion, highlighting the scale of forced selling. A fragile market structure, already weakened earlier in the week, failed to absorb the pressure once liquidity dried up.
Keith Alan, cofounder of Material Indicators, commented on X that the local low near $80,500 had been completely invalidated. According to Alan, the breakdown increases the probability of further downside tests at lower historical levels.
Bitcoin Loses Its “True Market Mean”
On-chain analyst On-Chain College noted that Bitcoin has now fallen below its true market mean, a metric representing the aggregate cost basis of the actively circulating BTC supply. This level is currently estimated at $80,700.
Bitcoin has not traded below this metric since October 2023, when the price was near $29,000. The loss of this level is widely viewed as a negative signal for short- to medium-term price structure, suggesting that market participants are now holding coins at an average unrealized loss.
From a technical perspective, analysts are also watching the $69,000 area — the peak of the previous bull market in November 2021 — as a potential downside reference if selling pressure persists.
Strategy Bitcoin Holdings Slip Into the Red
The decline has also affected corporate Bitcoin treasuries. Strategy, the company holding the largest amount of Bitcoin among publicly known firms, now faces unrealized losses on its BTC position. The firm’s average Bitcoin acquisition cost stands at approximately $76,037, placing its holdings underwater as price slipped below that threshold.
Strategy currently holds more than 700,000 BTC. Meanwhile, the company’s stock price has fallen to around $143, marking a nearly 70% decline from its local high of $455 recorded in July last year. Continued volatility in Bitcoin prices is increasing sensitivity around Strategy’s balance sheet.
Overall, the latest move underscores that near-term risks in the Bitcoin market remain elevated, with price still searching for a stable equilibrium.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.