Crypto Market Sees $264M in Liquidations as Bitcoin Dips Below $78,000

Key Facts

Amid heightened caution in global markets ahead of US inflation data, digital assets faced selling pressure that dampened recent bullish momentum. According to reports, Bitcoin's price dipped below the $78,000 threshold, reaching a daily low of $77,603. This price action marks a cooling period following a weekend peak where the cryptocurrency traded above the $79,000 level.

The price slide triggered total market liquidations amounting to $264 million, with long positions accounting for $187 million of the wiped-out bets compared to $77 million in shorts. These liquidations occur as traders de-risk ahead of the US Consumer Price Index (CPI) release on Friday, especially as recent labor market resilience suggests the Federal Reserve may maintain a restrictive monetary stance.

As of September 8, 2026, authoritative closing prices are unavailable in the current data set, leaving the outlook focused on qualitative price action. Market participants are now looking toward the release of the Producer Price Index (PPI) on Thursday and the CPI on Friday as primary catalysts that will dictate interest rate expectations and risk appetite for Bitcoin in the near term.