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William Suberg
Written by William Suberg,Staff Writer
Allen Scott
Reviewed by Allen Scott,Staff Editor

Bitcoin crashes below $76K Strategy cost basis in $2B liquidation event

Bitcoin saw a sudden weekend liquidity cascade that took BTC price to near $75,000 for the first time since its April 2025 low.

Bitcoin crashes below $76K Strategy cost basis in $2B liquidation event
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Bitcoin (BTC) fell over 7% during weekend trading as a fresh price collapse liquidated $800 million.

Key points:

  • Bitcoin drops to near its 2025 low as mass liquidations accelerate.

  • BTC price action fails to hold $80,000 and its key true market mean level.

  • Strategy’s 700,000 BTC corporate treasury falls into the red versus its aggregate cost basis.

BTC price collapses below $76,000

Data from TradingView showed BTC price losses taking BTC/USD below $80,000 for the first time since April 2025.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView


Already licking their wounds from a brutal week, Bitcoin traders faced stronger downside as low-liquidity weekend conditions exacerbated volatility.

At the time of writing, BTC/USD traded below $78,000, with the April 2025 bottom near $74,500 now in focus.

“Local Low at $80.5k was annihilated,” Keith Alan, cofounder of trading resource Material Indicators, reacted on X. 

Analyst On-Chain College noted that Bitcoin had now lost its true market mean — the aggregate cost basis for the current active BTC supply.

“Bitcoin is now BELOW the True Market Mean ($80.7K) for the first time since October 2023, when the price was at $29K,” he noted. 

“Put simply, this is not good for Bitcoin's short to medium term price action.”
BTC/USD one-week chart with true market mean of active supply. Source: Cointelegraph/TradingView


Alan supplied various downside levels to note, including the top of Bitcoin’s last bull market from November 2021 at $69,000.

BTC/USD one-day chart. Source: Keith Alan/X


Earlier, Cointelegraph reported on $76,000 as a popular target as Bitcoin failed to catch a bid despite stocks and precious metals beating all-time highs.


Strategy Bitcoin holdings dip negative

Another cost basis level, meanwhile, loomed large for both crypto market participants and beyond.

Related: Bitcoin vs. gold: BTC is a 'better opportunity' than in 2017, data says

Strategy, the firm with the largest corporate Bitcoin treasury, faced going into the red on its BTC holdings at $76,037.

The company currently holds in excess of 700,000 BTC, with its stock price at $143, having tumbled nearly 70% from its local highs of $455 in July last year.

Strategy (MSTR) stock price (screenshot). Source: Bitcoin Treasuries




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