Crypto fear gauge spikes, $1.6B in bullish bets wiped out — short Bitcoin on momentum breakdown
Bitcoin has dropped below $66,000, crypto fear is spiking, and $1.6 billion in bullish crypto bets were wiped out in a single session — all while the stock market keeps hitting records.
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Bitcoin has plunged over 6% to below $66,000 even as global equity indices hit all-time highs, signaling a sharp rotation out of crypto and into AI-driven tech stocks. The crypto fear gauge just posted its biggest surge since the February crash, and $1.6 billion in leveraged bullish positions were liquidated — a sign that forced selling may still be unfolding. Rising geopolitical tensions and Fed rate-hike expectations are adding pressure, pushing investors away from riskier assets like crypto. This combination of fear, liquidations, and macro headwinds suggests more downside could be ahead before a meaningful bounce.