Bitcoin crashes to $65,000 — $1.8 billion liquidated
BTC fell below $67,000 and triggered $1.8 billion in liquidations over 24 hours. The Fear & Greed Index plunged to 11 out of 100 — extreme fear in the market.
Bitcoin dropped sharply on Tuesday, falling below $67,000 and triggering massive liquidations across the derivatives market. According to Cointelegraph and 99Bitcoins, around $1.8 billion in positions were liquidated over 24 hours — the majority of them long positions.
The Fear & Greed Index plunged to 11 out of 100, a level that historically marks extreme fear. The market is reacting to a combination of geopolitical tension between the U.S. and Iran and continued outflows from spot ETFs.
Analysts cited in the reporting warn that the next major support level could sit as low as $50,000 if the selling pressure persists.
Read the full reporting at the sources below.