Bitcoin crashed below *$67,000* on Saturday, hitting its lowest level since mid-August and extending a brutal sell-off that has erased more than 18% this month alone.
The drop turned violent in minutes. As BTC lost the key $70,000 support, over *$250 million in leveraged long positions were liquidated in just 10 minutes*, triggering a cascade of forced selling. In 24 hours, total liquidations topped $1.26 billion, with 86% coming from traders betting on a rebound.
The crash was not just crypto-native. Hotter-than-expected U.S. inflation reignited fears of a Fed rate hike, while a sharp sell-off in tech stocks, led by Nvidia, spread risk-off sentiment across markets.
Institutional demand is also drying up. More than $2.5 billion has flowed out of U.S. spot Bitcoin ETFs since October 30.
Ethereum fell below $1,900, XRP lost $1, and total market cap dropped to $2.33 trillion.
Is this the bottom or just the start?
#BTC☀
The drop turned violent in minutes. As BTC lost the key $70,000 support, over *$250 million in leveraged long positions were liquidated in just 10 minutes*, triggering a cascade of forced selling. In 24 hours, total liquidations topped $1.26 billion, with 86% coming from traders betting on a rebound.
The crash was not just crypto-native. Hotter-than-expected U.S. inflation reignited fears of a Fed rate hike, while a sharp sell-off in tech stocks, led by Nvidia, spread risk-off sentiment across markets.
Institutional demand is also drying up. More than $2.5 billion has flowed out of U.S. spot Bitcoin ETFs since October 30.
Ethereum fell below $1,900, XRP lost $1, and total market cap dropped to $2.33 trillion.
Is this the bottom or just the start?
#BTC☀
