Nearly $1B Wiped From Crypto Markets As Bitcoin Slips To $73K – It’s Just A 'Cooldown', Says Michael van de Poppe

• Nearly $930 million in crypto positions were liquidated over the past 24 hours after Bitcoin’s price fell to a six-week low.
• Bitcoin-related liquidations totaled roughly $366 million, while Ethereum traders lost another $240 million.
• Michael van de Poppe described the move as an “end-of-the-month correction” and said Bitcoin’s weakness does not yet signal a fresh market low.

Nearly $1 billion was liquidated from cryptocurrency markets in the last 24 hours after Bitcoin’s (BTC) price fought to keep above $73,000 on Thursday morning, with retail traders blaming President Donald Trump’s support for the industry for the selloff.

Bitcoin’s price fell more than 3% in the last 24 hours to around $73,200, a six-week low, and was among the top trending tickers on Stocktwits. Retail sentiment around the apex cryptocurrency on Stocktwits dropped to ‘extremely bearish’ from ‘bearish’ territory, while chatter remained at ‘normal’ levels. 

The selloff dragged the broader cryptocurrency market capitalization down to roughly $2.5 trillion, and CoinGlass data showed nearly $930 million in leveraged crypto positions were liquidated over the past 24 hours. This marked the second-largest liquidation event of 2026 after the January 30 wipeout that erased about $2.5 billion. 

Long positions again drove most of the damage, accounting for nearly $870 million of the forced liquidations. Bitcoin-related trades led losses at $366 million, with Ethereum (ETH) positions accounting for another $240 million.

Why Is Bitcoin’s Price Falling?

According to MN Fund founder and investment chief Michael van de Poppe, it’s just an end-of-the-month correction, and a “cooldown” is underway in Bitcoin. “Bitcoin showing weakness isn’t a recipe for a new low, as of yet,” he wrote in a post on X. 

While markets focused on geopolitical tensions, Trump also reiterated his support for the cryptocurrency industry in a post on Truth Social, sharply criticizing former SEC Chair Gary Gensler and what he described as the “Anti-Crypto Army.”

“Under my Leadership, we will codify a FUTURE-PROOF Digital Asset Market Structure that cannot be undone by the Crypto Haters,” Trump stated.

Some users on Stocktwits blamed Trump’s comments for the selloff in the cryptocurrency market, calling it the ‘Trump Dump.’

Bitcoin’s price has fallen over 16% this year and nearly 33% over the past 12 months.

Read also: Bitwise CIO Says Selling Hyperliquid To Financial Advisors Is ‘Magic’, While BHYP Records Largest-Ever Daily Inflow

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