Bitcoin's Dip Under $65K Pushes Crypto Liquidations to $500M

💡 DMK Insight

Bitcoin’s dip below $65K isn’t just a number—it’s a signal that traders need to pay attention to. The $500M in liquidations shows how quickly sentiment can shift, especially with macro factors like tariffs and geopolitical tensions weighing heavily on risk assets. This isn’t just about Bitcoin; other cryptocurrencies and even equities could feel the ripple effects. If Bitcoin continues to struggle at this level, we might see a broader sell-off in the crypto market, especially if it fails to reclaim that $65K mark soon. Watch for support around $60K; a break below that could trigger further panic selling. On the flip side, if Bitcoin manages to bounce back and hold above $65K, it could signal a buying opportunity for those looking to capitalize on a potential recovery. Keep an eye on trading volumes and sentiment indicators, as they could provide clues about the market’s next move.