One Year Since Crypto’s Biggest Liquidation Event: Bitcoin Still Hasn’t Fully Recovered

Exactly one year ago, over US$ 19 billion in crypto positions were liquidated in a single day, marking the largest liquidation event in the history of the cryptocurrency market. Since then, Bitcoin has struggled to regain its previous levels, still feeling the aftereffects of that massive sell‑off.

The fallout left heightened volatility and a cautious stance among institutional investors, who are waiting for a clear break above key BTC resistance levels before increasing exposure. Analysts warn that until Bitcoin clears those barriers, the shadow of the liquidation wave from a year ago will continue to weigh on its recovery path.