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#BitcoinDropsBelow$65K
#BitcoinDropsBelow$65K 🚨
BTC just smashed through $65,000 psychological support — down ~12-15% in a single brutal day, worst since FTX crash.
From $126K ATH → -48%+ wipeout in months
.
Current price: ~$70,300 (rebounding hard +10-11% today)
Why the drop happened:
Massive leverage flush: $1B–$2.5B+ liquidations (mostly longs) cascading lower.
Funding rates flipped deeply negative → shorts piling in, longs getting nuked.
Volume exploding on the way down → panic selling + weak hands capitulating.
Liquidity thin below $70K → once broken, price accelerated fast toward $60K zone.
Macro risk-off: Hawkish Fed vibes, ETF outflows (~$1B+ recently), tech sell-off spillover, geopolitical noise.