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<p><span>Bitcoin flash-crashed to an intraday low near $61,503 after losing the $72,000 level, turning a sharp correction into one of the market’s heaviest liquidation events of the year.</span></p>
<p>BTC had traded near $74,000 earlier in the move before sellers drove the price through $70,000, $65,000 and then into the low-$61,000 area. The drop marked Bitcoin’s weakest level since late February and came with a broader crypto reset that also pushed Ethereum toward $1,730.</p>
<p>The move <a href="https://www.coinglass.com/liquidations" rel="noopener noreferrer nofollow">triggered</a> more than $1.1 billion in leveraged crypto liquidations over 24 hours, with long positions carrying most of the damage. Once Bitcoin lost the mid-$60,000 zone, forced selling accelerated as margin positions were closed across major derivatives venues.</p>
<p>The latest move extends the same pressure behind the earlier <a href="https://cryptoadventure.com/why-is-bitcoin-down-today-btc-slides-as-risk-capital-rotates-toward-ai-mega-raises/" rel="noopener noreferrer nofollow">Bitcoin selloff</a>: ETF outflows, weaker spot demand, risk-capital rotation, corporate treasury stress and heavy leverage sitting above obvious support levels.</p>
<h2 id="54-000-btc-move-onto-trading-platforms">54,000 BTC Move Onto Trading Platforms</h2>
<p>On-chain analyst <a href="https://x.com/alicharts/status/2062262544543220075" rel="noopener noreferrer nofollow">Ali Martinez highlighted</a> that more than 54,000 BTC moved onto trading platforms over the past week, adding roughly $3.78 billion in available supply at the time of the chart.</p>
<p>Exchange inflows do not mean every coin is immediately sold. They do mean more BTC becomes easier to sell, lend, post as collateral or use in derivatives strategies. During a falling market, that extra exchange-side supply can put more pressure on order books just as leveraged buyers are being liquidated.</p>
<p>The timing made the flow more important. Bitcoin was already breaking down from $72,000, ETF demand had weakened, and traders were watching for forced selling below $65,000. The added BTC on trading platforms gave the market another reason to treat the move as a supply-driven flush rather than a normal pullback.</p>
<h2 id="mvrv-bands-put-54k-to-50k-in-view">MVRV Bands Put $54K To $50K In View</h2>
<p>Ali Martinez’s <a href="https://x.com/alicharts/status/2062383591913291997?s=46&amp;t=vm3Gh7cIvaITmvaQCJudNQ" rel="noopener noreferrer nofollow">MVRV Pricing Bands chart</a> now puts Bitcoin in a weaker technical position after the breakdown below $72,000. The next major on-chain support area sits between $54,000 and $50,000 if BTC fails to reclaim the mid-$60,000 range.</p>
<p>MVRV compares Bitcoin’s market value with its realized value, helping traders track where price sits against the network’s aggregate cost basis. It is not a guaranteed target, but it gives the current selloff a lower support map after several key levels failed in quick succession.</p>
<p>A recovery above $65,000 would reduce immediate pressure. Another rejection below that zone would keep the $54,000 to $50,000 area in focus, especially if exchange inflows stay elevated and spot buyers remain cautious.</p>
<h2 id="mt-gox-adds-another-supply-headline">Mt. Gox Adds Another Supply Headline</h2>
<p>The selloff also arrived as Mt. Gox wallet activity returned to the market’s radar. Wallets tied to the collapsed exchange moved 116.3 BTC to Bitstamp after a larger cold-wallet transfer, adding another repayment-related headline while BTC was already trying to stabilize.</p>
<p>The <a href="https://cryptoadventure.com/mt-gox-sends-116-btc-to-bitstamp-as-bitcoin-selloff-deepens/" rel="noopener noreferrer nofollow">Mt. Gox Bitstamp transfer</a> was small compared with daily Bitcoin volume, but it landed at the wrong moment. Traders are already watching exchange inflows, ETF redemptions and liquidation data, so any repayment-linked transfer can add to short-term caution.</p>
<p>Bitcoin’s market-cap slide has also pushed it lower in the global asset table. BTC recently <a href="https://cryptoadventure.com/bitcoin-drops-to-14th-largest-global-asset-as-selloff-deepens/" rel="noopener noreferrer nofollow">fell to 14th among global assets</a>, showing how quickly the drawdown has hit Bitcoin’s standing against mega-cap equities and AI-linked names.</p>
<h2 id="btc-needs-to-reclaim-the-mid-60k-zone">BTC Needs To Reclaim The Mid-$60K Zone</h2>
<p>Bitcoin’s next test is simple. Holding above $61,000 keeps the move in bounce territory. Reclaiming $65,000 would give buyers a cleaner short-term reset. Failure to recover that area leaves the market exposed to another liquidity sweep toward $60,000 and then the MVRV support band between $54,000 and $50,000.</p>
<p>The flash crash was not driven by one isolated headline. The move came from several pressures hitting together: $3.78 billion in exchange-side BTC supply, weak ETF demand, leveraged longs getting wiped out, Mt. Gox repayment anxiety and broken support below $72,000.</p>
<p>Bitcoin has bounced from the low, but the market is not clean yet. The next 24 to 48 hours will show whether the $61,000 flush cleared leverage or opened the door to a deeper move into the next on-chain support zone.</p>
<p>The post <a href="https://cryptoadventure.com/bitcoin-flash-crash-to-61k-triggers-1-1b-liquidation-wave/" rel="noopener noreferrer nofollow">Bitcoin Flash Crash To $61K Triggers $1.1B Liquidation Wave</a> appeared first on <a href="https://cryptoadventure.com" rel="noopener noreferrer nofollow">Crypto Adventure</a>.</p>

Bitcoin Flash Crash To $61K Triggers $1.1B Liquidation Wave

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