Bitcoin's Dip Under $65K Pushes Crypto Liquidations to $500M
Bitcoin dropped roughly 4.6% from $67,600 to $64,435 in under two hours, causing over $470 million in leveraged positions to be liquidated and leading to more than $505 million in liquidations across all crypto assets within 24 hours. This selloff was not due to a specific negative event but rather policy uncertainty—especially U.S. tariff policy developments and geopolitical tensions. Recent U.S. Supreme Court decisions on tariffs and a new 10% global tariff by Trump contributed to uncertainty, while sticky inflation data, Middle East tensions, and delayed rate-cut expectations further pressured risk assets. Bitcoin remains notably sensitive to macroeconomic shifts, and institutional investors still treat crypto as a high-risk asset class. Prediction markets show falling optimism for a near-term price rally. Analysts expect limited inflows and warn that any short-term recoveries are likely to be technical rather than a sustained trend. A broader crypto rebound will likely require stabilization in inflation, energy prices, geopolitical risks, and especially traditional risk assets like stocks.
