# Bitcoin crashes to $65K and liquidates billions — ride the downward momentum

_AI-generated trading idea · SHORT · BTC_

> Canonical page: https://commonquant.ai/research/for-you/bitcoin-crashes-to-65k-and-liquidates-billions-ride-the-down--ddf29e58-dfd7-4b1c-87d7-86089846aa95

Bitcoin experienced a massive crash down to $65,000, forcing over $1.8 billion in leveraged trades to be automatically sold off. Traders are now watching to see if it will fall even further to $60,000.

## Idea

A massive crash wiping out $1.8 billion in leveraged positions shows that panic selling has taken over the crypto market, making it dangerous to try and catch a bottom just yet. When forced selling of this magnitude happens, it often takes several weeks for the market to find a floor and recover. With traders publicly targeting $60,000 as the next benchmark, the downward momentum will likely push prices lower before any real recovery begins.

## Key details

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

## 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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