# Bitcoin crashes to $65K as panic selling hits — ride the momentum down to $60K

_AI-generated trading idea · SHORT · BTC_

> Canonical page: https://commonquant.ai/research/for-you/bitcoin-crashes-to-65k-as-panic-selling-hits-ride-the-moment--dc115f69-8521-4177-9458-0c61a320e2ee

Bitcoin's price plummeted to $65,000, wiping out billions of dollars in value and forcing over $1.8 billion in leveraged traders to automatically sell off their holdings. Traders are now watching to see if it drops even further to $60,000.

## Idea

When a massive crash forces highly-leveraged traders to sell, it often triggers a domino effect that pushes the price even lower. With over $1.8 billion wiped out in a single day, the panic selling might not be over yet. Traders are openly staring down a psychological floor of $60,000, meaning a break below the current $65,000 level could trigger another massive wave of selling.

## Key details

- Symbols: BTC
- Timeframes: H4
- Tags: \#crypto, \#breakout, \#momentum

## 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
- [Bitcoin crash wipes out billions in market rout](https://finance.yahoo.com/markets/crypto/articles/bitcoin-crash-wipes-billions-market-172226666.html) — Yahoo Finance

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