Bitcoin fell below $67,000 for the first time in two months, dropping about 6.75% to around $66,700. The decline triggered $1.48 billion in crypto liquidations over 24 hours, with long positions accounting for $1.35 billion. More than 221,000 traders were affected. The selloff was driven by several factors, including continued outflows from US spot Bitcoin ETFs, Strategy’s recent Bitcoin sale, and investor demand for US stocks. Bitcoin is now roughly 45% below its October peak near $126,000. Markets will watch whether ETF flows stabilize and buying demand returns.
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