Bitcoin price sets new 15-month low under $73K as crypto liquidates $800M

The cryptocurrency market faced a catastrophic downturn early this week, seeing Bitcoin (BTC) fall to a new 15-month low, trading below the significant $73,000 threshold. This aggressive price movement immediately initiated a cascade of liquidations across derivative exchanges, wiping out approximately $800 million in leveraged positions within a 24-hour window. The dramatic reversal erases key gains achieved over the past year, fundamentally shifting market sentiment from bullish anticipation to extreme fear. The vast majority of the liquidations involved long positions, signifying that the market was caught off guard by the speed and magnitude of the drop. While BTC and Ethereum (ETH) absorbed the largest share of losses, the liquidation event affected numerous altcoins as well. Analysts point to a combination of persistent macroeconomic inflation concerns and increased regulatory scrutiny as primary catalysts for the volatility. Experts suggest that BTC must quickly reclaim the $75,000 level to prevent further technical breakdown; failure to do so risks pushing prices toward the next major support zone around $68,000. Market participants are now exercising extreme caution as fear, uncertainty, and doubt (FUD) dictate short-term trading strategies.

Source: Bitcoin price sets new 15-month low under $73K as crypto liquidates $800M