📉 Why did Bitcoin fall yesterday? 🧵Key market details
Yesterday, Bitcoin experienced a significant drop, falling more than **4% in 24 hours and hitting levels below $65,000, marking its lowest point in recent months.
📌 Main reasons for the decline:
✨ 📊 Uncertainty over global policies:
The recent uncertainty over tariffs and trade policies in the U.S. has created a risk-off environment in global markets. This pressure caused investors to reduce exposure to risk assets like BTC.
✨ 💧 Loss of key support:
BTC broke the technical level of $65,000, an important psychological and technical support. Once broken, selling pressure accelerated.
✨ 💣 Liquidations of positions:
The drop in price also triggered automatic liquidations of leveraged positions, especially long ones, which intensified the downward pressure.
✨ 📉 Market sentiment in 'extreme fear':
Indicators such as the Crypto Fear & Greed Index are approaching extreme fear levels, reflecting that many traders are closing positions out of caution.
📌 Summary:
➡️ BTC fell due to a combination of macroeconomic uncertainty, breaking technical levels, and liquidation pressure, leading to a broader sell-off in the crypto market.