Bitcoin Falls Below $88K to a New 2026 Low with $150M Liquidated in One Hour

The statement is strongly supported by multiple sources. Two sources, a news article from Cryptopolitan and a social media post from The Kobeissi Letter, directly corroborate the key details: that approximately $360 million in long positions were liquidated when Bitcoin's price fell. The Cryptopolitan article specifies the price crashed to $86,000, which is consistent with falling below $88,000. Additional sources from MSN, Yahoo Finance, and TradingView provide contextual support, confirming that Bitcoin's price did indeed fall below the significant $88,000 threshold and that this price level was a known high-liquidation zone. There is one piece of conflicting evidence from a highly authoritative CoinDesk article, which reports a much larger figure of $815 million in total liquidations around the same event. However, this figure is for total liquidations, which typically includes both long and short positions across multiple cryptocurrencies, not just Bitcoin long positions. The sources supporting the $360 million figure are more specific about the liquidations being "longs." It is plausible that the $360 million in Bitcoin longs was part of the larger $815 million market-wide liquidation event. Given the direct corroboration from two separate sources for the specific figure and a reasonable explanation for the apparent conflict, the statement is assessed as likely true with high confidence.