The cryptocurrency market experienced a sudden crash late at night, and overall market sentiment declined significantly.
Early this morning (May 27, 2026) Taiwan time, the cryptocurrency market experienced strong selling pressure. Bitcoin (BTC), the leading cryptocurrency, plummeted from its $78,000 level on the evening of the 26th, breaking through key support levels and currently holding below the $76,000 mark.
Meanwhile, Ethereum (ETH) also experienced a sharp decline, with the price breaking through the $2,100 mark again and currently struggling to defend the psychological level of $2,000.
The futures market was decimated, with $134 million in losses wiped out in just 4 hours.
This sudden and sharp drop caught many long contract investors off guard. According to data platforms such as Coinglass, the total liquidation amount in the entire cryptocurrency contract market has reached $134 million in the past four hours.
Further examination of the liquidation data reveals an extremely one-sided trend in fund settlement:
- Long positions liquidated: reaching $122 million , accounting for over 90% of the total liquidation amount, indicating that a large number of bullish positions were forcibly liquidated during the decline.
- Short positions liquidated: approximately $12 million.
The market is currently in a wait-and-see mode, with investors closely watching whether Bitcoin can find effective support around $75,000 and whether Ethereum can successfully hold the $2,000 support level. The trading platform reminds investors that recent market volatility has increased, and those participating in contract trading must strictly manage leverage risk.
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