Why did Bitcoin drop below $88,000 today and trigger $190M in liquidations?

If you woke up today and saw red across your portfolio, you aren’t alone. Bitcoin (BTC) has officially broken below the psychological $88,000 support level, hitting a low of $87,400 early this Monday, January 26, 2026. This sudden move didn’t just hurt spot holders; it triggered a massive “long squeeze,” wiping out over $190 million …

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