#CryptoMarkets
🚨 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.
📉 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.
🔍 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.
🗣️ 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.
❓ 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.
