Bitcoin Sees 7500 BTC Liquidations as Price Falls Below $76K

• Over 7500 BTC in long positions were liquidated due to sharp price drops
• Economic tariff news triggered massive liquidation across crypto markets
• Bitcoin’s price fell by $2,500 within hours due to the liquidations

Bitcoin experienced its biggest long liquidation of the current bull cycle on April 6, with over 7500 BTC wiped in one session.According to data from CryptoQuant, 7,448 BTC in long positions were liquidated as prices dropped from $78,387 to $75,800. The event coincided with a spike in market volatility linked to rising economic uncertainty surrounding new U.S. tariff policies. The liquidation marked the sharpest single-day long wipeout since the bull run began in 2023.

Hence, the unexpected shakeout disrupted market structure and exposed overleveraged positions across crypto derivatives platforms.

Data Reveals Massive Liquidation Spike on April 6

The CryptoQuant chart displayed a steep vertical bar representing long liquidations, with values nearing levels last seen in early 2022. The green vertical spike showed how quickly the market unwound open long interest. The liquidation count on April 6 reached 7,448 BTC, among the highest in recent years. Bitcoin’s price dropped by over $2,500 within a few hours.

Besides, the price movement came during a broader downtrend that began after BTC’s recent peak above $90,000. The chart also showed how liquidation events typically follow sudden shifts in macroeconomic sentiment. Moreover, the timing of this wipeout suggests a reaction to external market events rather than technical price action alone. The drop interrupted what had been a steady upward trend through early 2025.

Consequently, the chart serves as a reminder of how vulnerable long positions remain in volatile cycles.

Tariff Fears Trigger Widespread Position Closures

The key reason behind the market drop was linked to concerns about economic instability under former President Trump’s proposed tariff strategy. A wave of uncertainty followed the tariff news, pushing traders to unwind risk-heavy positions quickly. This created cascading liquidations across crypto markets . Additionally, the fear of broader economic impact fueled the speed of position closures.

CryptoPatel, who shared the chart, called it the largest liquidation since the cycle started. The post gained attention, reaching 6,876 views in a few hours. It warned that overexposure to leverage during macro events could risk capital safety. Besides, analysts advised caution during unpredictable markets and emphasized capital protection as a core principle.Hence, the event raises one pivotal question: Can the current bull market maintain momentum amid growing economic tension?

Analysts Urge Caution After Market Shakeout

CryptoPatel shared key takeaways including three critical rules for volatile markets: avoid excessive leverage, protect capital, and remain cautious during policy shifts.Significantly, these principles align with trader behavior following other macro-driven drops seen in prior market cycles. Many analysts pointed to this event as a reminder of how fast conditions can change.

Moreover, although the bull market remains active, sharp liquidations such as this force traders to reassess risk management. Capital survival becomes a higher priority than chasing upside moves.Consequently, many observers will continue monitoring price action in response to policy news and liquidation volume. Long-term confidence in bullish trends now hinges on how well traders respond to sudden volatility spikes.