A post by @KobeissiLetter on X.
BREAKING: Bitcoin falls below $66,000 and Bitcoin falls below $1,850 as $215 million worth of levered positions are liquidated in 60 minutes.
@KobeissiLetter on X
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Bitcoin dropped below $66,000 and Ether fell under $1,850 as roughly $215 million in leveraged positions were liquidated within a single hour, according to The Kobeissi Letter. The move marks one of the crypto market's most severe weeks this year, with the simultaneous breaches of both price levels underscoring the scale of the deleveraging. The liquidations highlight how crowded leverage can amplify sell-offs across major tokens. Traders will watch whether Bitcoin can reclaim the $66,000 level and whether liquidation volumes cool, which would signal stabilization after the forced selling.
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Bitcoin (BTC), Kobeissi Letter
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