#CryptoMarkets
đš Crash to $67.5K: Liquidations of $1,000,000,000+ in 24 hours!
The cryptocurrency market has just experienced a powerful storm. After losing key support at $70,000, Bitcoin ($BTC ) continued its rapid decline, renewing a two-month low.
đ What's happening in the market?
Rapid spike: Yesterday BTC was holding at $74,000, and today it has already sunk to $67,500. Minus $6,500 in just 40 hours.
Long surrender: Over 1 billion in positions have been liquidated in the last 24 hours. It is expected that 90% of them are long positions. Over 170,000 traders have been washed out of the market.
Anti-record on Hyperliquid: The largest liquidation order was recorded there - a gigantic $27+ million in a single transaction.
đ Anomaly: Altcoins are holding up better than $BTC
Usually, altcoins suffer the most during a flagship drop, but not this time:
BTC dominance on CoinGecko fell below 56% (minus 1% per day and over 2% per week).
Some alts are showing better resilience than Bitcoin, which somewhat restrains the general panic in the ecosystem.
đŁïž Why are we falling?
Among the main triggers of the downward train movement, analysts highlight:
1 Selling pressure: Rumors and speculation around Strategy's decision to sell a small part of its BTC reserves, which shook investor confidence.
2 Technical factor: The loss of the psychological $70K zone opened the way for bears.
â What's next?
The overall sentiment in the market has changed to clearly bearish. Most analysts agree that $BTC may test the $65,000 level in the near future, or even drop lower if buyers are not active at current levels.
