Bitcoin's crash to $65K triggers $1.8B in crypto liquidations
Bitcoin's drop to $65,000 triggered over $1.8 billion in crypto liquidations as traders brace for a test of $60,000 as support....
Key takeaways
- 1Bitcoin crashed to $65,000, triggering $1.8 billion in total crypto liquidations with $774 million in Bitcoin long positions wiped out.
- 2Traders view $60,000 as critical support; breaking below it could trigger a deeper correction and new downtrend.
- 3Bitcoin supply on Binance reached three-month high of 659,000 BTC, signaling potential increased selling pressure ahead.
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Why it matters
High liquidations and weakening support levels increase volatility risk for Indian retail investors holding leveraged positions. Geopolitical tensions and exchange inflows creating bearish conditions could further pressure crypto valuations in coming weeks.
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