Haciyev Reşit 
The cryptocurrency market started the new week under heavy selling pressure. As Bitcoin fell below $65,000, major crypto assets especially Ethereum, XRP, and Solana recorded significant declines. Rising volatility and accelerating sell-offs signaled weakening investor risk appetite. While macroeconomic developments, geopolitical risks, and global market uncertainties triggered panic selling in crypto markets, large liquidations in leveraged positions further deepened the downturn. According to analysts, the broader risk-off sentiment in global markets and deteriorating liquidity conditions are keeping crypto assets under short-term pressure. Therefore, investors are advised to closely monitor macro developments and key support levels in the coming period.
Sharp Declines in Bitcoin and Altcoins
With the wave of selling that began Sunday evening, Bitcoin quickly fell from $67,600 to the $64,700 range, losing more than 4% in less than two hours. According to CoinMarketCap data, Bitcoin dropped approximately 4.6% over the past 24 hours to $64,780. This sharp pullback brought short-term market direction back into focus. Bitcoin’s decline directly impacted the altcoin market as well. Ethereum fell 5.5% to $1,860, XRP declined 5.9%, BNB dropped 5.7%, and Solana lost 8.3% of its value. The simultaneous pullback among major crypto assets pointed to a broad risk-off sentiment across the market. Increased selling pressure and liquidations drove volatility higher and pushed investors to act more cautiously.
The sudden price drop also triggered substantial liquidations in leveraged positions. According to Coinglass data, total liquidations over the last 24 hours exceeded $467 million. These figures once again highlighted the high level of leverage present in the market. Most of the liquidations came from long positions, showing that investors expecting further upside were quickly forced out during the sharp decline. More than 137,000 traders were liquidated, with the largest single liquidation occurring on the HTX exchange in the BTC/USDT pair. This wave of liquidations once again demonstrated how fragile the crypto market can be in the short term and how sudden price movements can trigger cascading sell-offs.
Macro Developments Weigh on the Market
Analysts note that the decline was not driven solely by crypto-specific factors but also by global macroeconomic developments. Weak housing sales data in the United States heightened economic uncertainty, while former President Donald Trump’s decision to raise import tariffs from 10% to 15% dampened investor risk appetite. On the geopolitical front, tensions between the U.S. and Iran and security crises in Mexico further strengthened the global risk-off trend. In this environment, investors moved away from risk assets, accelerating the selling pressure in crypto markets.
One crypto analyst commented:
“The combination of macro shocks hit an already fragile crypto market. With weak liquidity, the market was unable to absorb this wave of selling.”
Critical Levels and Outlook
According to analysts, the $60,000–$65,000 range stands out as a key short-term support zone for Bitcoin. Sustained movement above $65,000 could signal stabilization, while reclaiming $70,000 is seen as the start of a renewed uptrend. On-chain data indicates that whales have continued accumulating Bitcoin in recent periods, suggesting that the long-term outlook is not entirely negative.
Bitcoin’s drop below $65,000 has increased short-term volatility in the crypto market. Macroeconomic uncertainty, geopolitical risks, and the liquidation of highly leveraged positions have intensified selling pressure. In the coming days, macro developments, ETF flows, and regulatory news will likely play a decisive role in determining the market’s direction.
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