Bitcoin Drops Below $88,000 as $131M in Crypto Liquidations Hit Within One Hour

On January 25, 2026, Bitcoin slid to a multi-day low below $88,000, with one move taking the price down to around $87,500 after a rejection at $89,000. In the past day, $250 million in leveraged positions have been liquidated, including $131 million in the last hour and a single $6.3 million position on Hyperliquid, while major altcoins such as ETH and SOL also posted rapid losses.