# Bitcoin crashes to $65K while the U.S. Treasury backs a strategic reserve — buy the dip on BTC

_AI-generated trading idea · LONG · BTC_

> Canonical page: https://commonquant.ai/research/for-you/bitcoin-crashes-to-65k-while-the-u-s-treasury-backs-a-strate--967ffb48-7618-4761-a4a4-da8a12eb221c

Bitcoin just crashed to $65,000, wiping out billions in leveraged trades. However, a top U.S. official confirmed the government is moving forward with plans to create a strategic Bitcoin stockpile.

## Idea

Bitcoin just suffered a steep drop, triggering a massive washout of over-leveraged traders. While the panic selling is scary, the U.S. Treasury just reiterated its support for a strategic government Bitcoin reserve. Government backing at a time when retail traders are panicking often sets up a strong rebound. Watching for a bounce near the $60,000 level offers a great chance to buy the dip before institutional and government buying kicks in.

## Key details

- Symbols: BTC
- Timeframes: H4
- Tags: \#crypto, \#macro\_policy, \#dip\_buying

## Community

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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
- [US Treasury Secretary signals progress on Bitcoin reserve, CLARITY Act](https://cointelegraph.com/news/us-treasury-secretary-clarity-act-bitcoin-reserve) — CoinTelegraph

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