A post by @KobeissiLetter on X.
BREAKING: Bitcoin falls below $65,000 and ETH falls below $1,750 as total liquidations hit $1.8 billion over the last 24 hours.
@KobeissiLetter on X
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Bitcoin dropped below $65,000 and ether fell under $1,750 as roughly $1.8 billion in crypto liquidations were recorded over the past 24 hours. The selloff erased about $330 billion in total crypto market capitalization this week, according to The Kobeissi Letter. The scale of the liquidations underscores how quickly leveraged positions are being unwound across major tokens. Traders will watch whether BTC can reclaim the $65,000 level and ETH holds above $1,750, with further forced selling a risk if those thresholds fail.
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Named in this story
Bitcoin (BTC), Ethereum (ETH), The Kobeissi Letter
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