Bitcoin fell below $75,000, reaching a low of $75,644, marking its first drop under this level since April 2025, impacted by substantial sell-offs and weak liquidity.
The decline triggered major liquidations and affected multiple cryptocurrencies, signaling significant market shifts and renewed buyer interest amid historical price challenges.
Bitcoin’s price dropped below $75,000 for the first time since April 2025, following high-volume selling. The decline from a 24-hour high of $84,356 was marked by a breakdown of key support levels, including the 50-day EMA.
During the weekend, low liquidity contributed to Bitcoin’s decline, triggering $800 million in derivatives liquidations. This falls amid a broader financial climate marked by economic uncertainties, as seen by the U.S. government’s partial shutdown.
Altcoins and MicroStrategy Face Heavy Losses
The price drop affected various cryptocurrencies, with assets like ETH and BNB seeing sharp declines. MicroStrategy saw its holdings fall below the average cost basis for the first time.
Analysts describe it as a deleveraging event, stressing Bitcoin’s resilience compared to gold’s more significant drop. “Traders described the move as ‘a deleveraging event rather than a gradual risk-off rotation,'” said a market analyst in an independent report. The decline may signal increased interest in cryptocurrencies, reflected in the surge of new Bitcoin addresses.
Deleveraging Events Echo Past Market Volatility
This mirrors previous Bitcoin deleveraging events, notably those involving margin calls. Historical trends suggest such declines often coincide with thin liquidity conditions.
According to Kanalcoin experts, Bitcoin’s drop below significant support levels might lead to further testing of lower thresholds, continuing a pattern observed in recent years amid market volatility.
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