Haciyev Reşit 
Selling pressure has regained momentum in the cryptocurrency market, pushing Bitcoin below critical levels. The leading digital asset dropped under the $64,000 mark amid rising global uncertainty, macroeconomic developments, and geopolitical risks. The strengthening risk-off sentiment has led investors to reduce positions. Weak market confidence, declining trading volumes, and rising volatility are causing participants to act more cautiously. According to analysts, the current landscape suggests that short-term fluctuations may continue and that key support levels should be closely monitored.
Bitcoin Drops to $63,200
According to market data, Bitcoin declined approximately 5% over the past 24 hours, falling to as low as $63,200. This pullback signals growing uncertainty regarding short-term market direction and suggests investors are increasingly stepping away from riskier assets. On the macro front, negative news flow accelerated selling pressure. One of the main catalysts was U.S. President Donald Trump’s announcement of plans to raise global tariffs to 15%, triggering a sell-off across risk assets. Rising trade tensions and increasing global economic uncertainty have pushed investors away from highly volatile assets like cryptocurrencies, intensifying downward pressure on Bitcoin. These developments once again highlight the crypto market’s sensitivity to global macroeconomic factors.
Millions in Liquidations Hit the Market
The sharp drop in Bitcoin also triggered a significant liquidation wave in leveraged positions. Over the past 24 hours, approximately $381 million in positions were liquidated across the crypto market, with around $288 million coming from long positions. This data reveals that leveraged trades opened with bullish expectations were rapidly closed amid the sudden decline. High leverage levels combined with weak market liquidity accelerated the downward move, while cascading liquidations further increased volatility. Automatically closed positions added additional selling pressure, deepening the decline. According to analysts, this reflects the ongoing fragility of the crypto market and suggests that sharp price swings could persist in the short term.
$50,000 Scenario Back in Focus
Under current market conditions, analysts emphasize that the possibility of an additional pullback toward the $50,000 level should not be ruled out. Weak liquidity, low trading volume, and ongoing global uncertainties could sustain downside risks. Investors are advised to closely monitor critical support levels. Analysts note that for a sustainable bottom formation, stronger trading volume and restored market confidence are necessary. Macroeconomic developments and global risk appetite are expected to remain decisive factors in determining price direction.
Renewed institutional inflows and improving investor sentiment are considered key requirements for a potential recovery. Bitcoin’s drop below $64,000 signals weakening risk appetite within the crypto market and continued selling pressure. Macroeconomic uncertainty, geopolitical developments, and a fragile liquidity environment suggest that short-term volatility may persist. According to experts, a meaningful market recovery will require stronger volume and renewed confidence signals.
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