Bitcoin price hits 3-week low as David Sacks exits Trump crypto role
Bitcoin price slid below $66,000 to a 3-week low near $65.7k on Friday, extending a broad risk-off move across crypto. The drop coincided with David Sacks stepping down as President Donald Trump’s “AI and crypto czar” after completing a 130-day special-employee term, adding uncertainty around the administration’s digital-asset regulatory direction.
Derivatives data showed stress in leveraged positioning: CoinGlass reported over $500 million in crypto liquidations in the prior 24 hours, with roughly 90% hitting long traders. This aligns with Bitcoin price weakness and suggests overextended bullish bets were forced out.
Other majors also fell: ETH slipped about 4% to around $1,980, SOL dropped ~5% below $83, and BNB fell about 3% to roughly $608. Heavily traded crypto equities such as MicroStrategy and BitMine Immersion Technologies reportedly printed one-month lows.
Sacks’ exit is not described as an immediate reversal of the pro-crypto agenda, but it changes the “policy premium” risk traders had priced into Bitcoin price performance during his tenure. Trump first appointed Sacks in late 2024, framing the role around building a U.S. regulatory framework for cryptocurrency and AI.
Macro pressure likely amplified the move: major U.S. stock indices fell as investors digested rising oil prices and Middle East escalation headlines. Prediction markets reportedly leaned toward downside for Bitcoin, implying that—without a clear policy steward—price discovery may be driven more by macro cross-currents than White House signals.
Bearish
比特币价格走弱的直接触发点包括两部分：其一是清算驱动的被动卖压，其二是政策不确定性带来的风险溢价上升。过去24小时内超过5亿美元的清算且约90%集中在做多方，典型特征是“高杠杆多头被集中清出”，短线往往会让下跌延续或放大反复。与此前多次杠杆过度堆积、政策或宏观催化突然变化导致的行情类似（例如监管传闻或宏观数据冲击引发的清算链条），即便基本面并未立刻改变，价格也可能先行下穿关键区间。
同时，David Sacks退出白宫加密事务角色，市场难免重新评估“政策溢价”是否会收缩。文章强调这不一定是政策立场的硬转向，但对交易者而言，沟通与立法推进的连续性可能下降，从而提高波动率。短期内，你可能会看到更多围绕清算与宏观情绪的交易主导；中长期，若后续出现新的政策指向清晰的人选/立法节奏确认，回调可能逐步被修复；反之，如果政策节奏拖延，BTC可能继续在更宽区间内震荡甚至偏弱。