BTC Crashes Below 65K as Over $360M Is Liquidated

Bitcoin slid back under 65,000 dollars today as a wave of forced liquidations and fresh macro worries hit the crypto market, dragging Ethereum and Solana lower alongside it. The move comes just days after the US Supreme Court struck down President Donald Trump’s sweeping global tariffs, injecting new uncertainty into the policy outlook and risk assets.

Prices: BTC, ETH, SOL

At intraday lows, Bitcoin fell toward 64,400-65,000 dollars after dropping more than 4 percent in a matter of hours, triggering a cascade of liquidations across major derivatives venues.

One flash-crash style window alone saw roughly 230 million dollars in leveraged long positions wiped out within about an hour, underlining how fragile heavily margined positioning had become at these levels.

Ethereum followed the benchmark lower, with traders reporting similar flush-outs in perpetual swaps and futures as risk appetite deteriorated across the majors. Solana, one of the cycle’s top performers, dropped another 308 percent on the day, trading around 78-83 dollars, extending a slide that has already cut the token by more than half compared to a year ago.

In euro terms, SOL slipped to roughly 67 euros, down more than 8 percent versus the previous day.

Tariffs, court shock and macro jitters

The legal shock to Trump’s trade agenda is adding a new layer of macro uncertainty just as crypto traders were leaning heavily on leverage near local highs. By overturning the president’s emergency-based global tariffs, the Supreme Court effectively dismantled a core plank of his second-term economic strategy and forced markets to quickly reprice the outlook for global trade flows.

Trump has already vowed to respond by pushing a fresh across-the-board import duty using alternative legal tools, openly floating a new double‑digit global tariff to replace the measures the court just invalidated.

For risk assets like Bitcoin, that combination of legal ambiguity, tariff brinkmanship and the potential for renewed trade wars translates into higher volatility, thinner liquidity and pockets of outright panic selling when support levels break.

Liquidations amplify the sell-off

With sentiment already fragile after earlier billion‑dollar wipeouts in leveraged crypto positions this month, the latest break below 65,000 dollars quickly cascaded through order books. Once key derivatives funding and support levels gave way, exchanges saw a sharp spike in long liquidations, forcing automated selling into a falling market and accelerating the move lower.

For now, traders are watching the 60,000–62,000 dollar area as the next major support band for Bitcoin, a zone that has repeatedly attracted dip‑buyers in previous corrections. Whether that level holds may depend less on on‑chain activity and more on what comes next from Washington’s tariff battles and the courts.​