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

Bitcoin BTCUSD 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 BTCUSD below $80,000 for the first time since April 2025.

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, BTCUSD 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, said 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. 

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

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.

Strategy, the company 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.