Bitcoin Falls to $64k on Sharp Leverage Liquidations
Bitcoin (BTC) fell to the $64k level on Monday as uncertainties in the global economy, fueled by escalating US–Iran tensions, triggered heavy leverage liquidation in the crypto market.
The US’s latest tariff threats coincided with a sharp crypto selloff that triggered roughly half a billion dollars in leveraged liquidations.
Reporting from multiple market trackers shows that roughly $470 to $505 million leveraged crypto positions were liquidated in 24 hours, with Bitcoin accounting for roughly 232 million and Ethereum (ETH) about 126 million, consistent with a broad, but BTC-led, deleveraging across majors.
Top cryptocurrencies are bleeding following a long, heavy wipeout. Selloffs were driven in part by rising odds of a possible US strike on Iran, with reports detailing warnings that a decision to attack Iran could come within days.
President Donald Trump’s announcement of new 15 per cent global tariffs has rattled growth and inflation expectations. BTC, ETH, SOL and other majors posted sharp losses as the market reacted negatively.
On a market-wide basis, aggregate crypto value is roughly 2 to 3 per cent lower over the past day, with derivatives open interest still in the hundreds of billions of dollars, indicating substantial leverage remains even after the flush.
Analysts quoted across these reports flag 65,000 dollars as lost short-term support and point to 60,000 dollars as a key downside line, with bulls needing to reclaim the high 60,000s to reduce the risk of further cascading liquidations.
Near term, the main catalysts are whether Washington actually moves toward military action against Iran, how aggressively new tariff plans are implemented, and whether fear indices and ETF outflows stabilise or worsen.
For now, crypto is trading as a macro-sensitive, leveraged risk asset; sustained relief likely requires either de-escalation on Iran, clearer tariff policy, or evidence that forced deleveraging has largely run its course.
US–Iran tensions and tariff uncertainty have combined with heavy long positioning to trigger a rapid repricing of crypto risk, mechanically amplified by nearly half a billion dollars in liquidations.
Until geopolitics calm and leverage resets further, swings around key Bitcoin levels such as 60,000 to 67,000 dollars are likely to remain closely tied to macro headlines rather than crypto-native news, analysts said. XRP Hit by Large Sell Order in Major Crypto Exchange
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