Price Drop: Bitcoin has fallen below $65,000, currently trading around $64,700-$64,800 (a drop of about 4.5% to 5% today).
New Tariffs: The drop is linked to former President Trump announcing plans to raise global tariffs to 15%, making investors nervous.
Market Liquidation: Over 136,000 crypto traders have been liquidated (forced to sell), totaling nearly $480 million in losses.
Extreme Fear: The "Fear and Greed Index" is at 5 or 6 (out of 100), meaning investors are extremely scared.
Whale Moves: Large holders ("whales") are sending a lot of Bitcoin to exchanges, which often signals they might sell.
Short-Term Losses: Recent buyers who bought at higher prices are selling at a loss, though panic selling is slowing down.
ETF Outflows: US Bitcoin ETFs have seen money leaving them for five weeks in a row.
Less Buying Power: There is less stablecoin (like USDT) sitting on exchanges ready to buy Bitcoin.
Key Levels: If Bitcoin closes the week below $65,520, it could drop toward $60,000 or even $55,777.
Global Context: Unlike crypto, gold is going up (rising 2%) because investors see it as safer during tariff worries.
CME Signal: Despite the drop, some big institutional traders are reducing their bets against Bitcoin, which sometimes hints at a recovery.
BTC69,000.22+3.19%
