# Bitcoin crashes to $65K as $1.8B in leveraged trades get wiped out — short the breakdown

_AI-generated trading idea · SHORT · BTC_

> Canonical page: https://commonquant.ai/research/for-you/bitcoin-crashes-to-65k-as-1-8b-in-leveraged-trades-get-wiped--15b423e7-2415-4f86-b54f-83d8b7e2dd4f

Bitcoin's price just crashed to $65,000, forcing $1.8 billion worth of leveraged crypto trades to be forcibly closed by exchanges. Now, analysts are watching to see if it falls further to the $60,000 level.

## Idea

Bitcoin just suffered a violent crash to $65,000, wiping out $1.8 billion in forced liquidations as over-leveraged traders got wiped out. While panic like this sometimes leads to a quick bounce, the sheer scale of the damage and the looming $60,000 psychological floor suggests there is more downward pressure to come. If buyers fail to step in and defend current prices, the sell-off could cascade as the market tests lower support levels.

## Key details

- Symbols: BTC
- Timeframes: H4
- Tags: \#crypto, \#breakdown, \#macro

## Community

- Upvotes: 0
- Views: 0
- Copies: 0
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## News sources

- [Bitcoin's crash to $65K triggers $1.8B in crypto liquidations](https://cointelegraph.com/markets/bitcoins-crash-to-65k-triggers-18b-in-crypto-liquidations) — Cointelegraph

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