Bitcoin is heading for its biggest monthly drop since the 2022 crypto crash, following weeks of a massive sell-off.

As per the onchain analytics platform CoinGlass, crypto positions worth $971.06 million got liquidated in an hour. $956 million in long and $15 million in short positions got wiped out. Bitcoin (BTC) led the rout with $507 million, followed by Ethereum (ETH) with $195 million.

Bitcoin prices were pushing into fresh April lows on Friday, and some say the selling, which could drag stocks with it, has more to go.

The crypto market crash continued its strong downtrend on Friday, with Bitcoin tumbling to $85,000. Ethereum plunged by 7.65%

Gunden built his wealth as an early Bitcoin arbitrage trader on Tradehill and the now-defunct Mt. Gox, where he reportedly handled tens of thousands of BTC before the exchange collapsed in 2014. His recent moves align with a broader wave of retail selling, amplified by fears that the latest bull cycle may be nearing exhaustion.

Bitcoin dropped to $82,605, falling 4.53% today as more than $2 billion in leveraged crypto positions were liquidated. The global market cap slipped under $2.8 trillion after a rapid pullback from Bitcoin’s recent $92,

Bitcoin tumbled with other risk assets on Thursda, plunging after stocks saw a huge reversal after earlier gains.

Polymarket currently predicts a 71% chance of Bitcoin hitting $80,000 by November, as per real-time trader sentiment on the platform.

Cryptocurrency market may look shaky after weeks of cascading liquidations impacting Bitcoin, Ethereum, but the fundamentals tell a different story. 21Shares just launched six new ETPs on Nasdaq Stockholm,

Bitcoin, the world’s largest cryptocurrency, was back below $90,000 on Wednesday — a level last seen in the wake of President Trump’s April 2 “liberation day” tariffs that pummeled stocks and riskier corners of financial markets.

Rental Coins, a collapsed Brazilian crypto company, has filed for Chapter 15 bankruptcy in the U.S. to help it recover assets, Bloomberg Law recently reported. Chapter 15 is designed for cross-border insolvency cases, allowing foreign companies undergoing bankruptcy proceedings abroad to protect their U.S.-based assets.