Bitcoin drop below $66K, $440M liquidation as Trump warn Iran say 'Stone Age'
Bitcoin slip under $66,000 after Donald Trump tok hard about di US–Iran wahala wey kon change hope say tension go cool down. BTC briefly test around $65,696–$65,500 and e no fit hold above di $67,000 area.
By 2:20 p.m. EST, Bitcoin de trade near $66,800. Di drop cut Bitcoin market cap (from about $1.37T to $1.33T) and weigh down total crypto market value (about $2.38T).
Liquidations quicken: roughly $48M wipe out in 12 hours and about $103M in 24 hours, with total crypto liquidations toping ~ $440M for di latest window. Long liquidations make big share (around $274M), show say traders bin lean on upside because of de-escalation optimism.
Technically, liquidity dey concentrated around $69,000–$70,100, but conviction dey weak. Key support na $65,500; if e break lower e fit trigger cascade of forced selling. Traders dey also watch $67,000 as resistance—if e hold above, e go help cancel di bearish setup.
Di driver na geopolitical risk: worry say NATO no go join di wahala and reports say Iran dey charge transit fees in yuan or crypto dey seen as blow to US dollar dominance and diplomatic credibility. Energy-price pressure and “energy shocks” still secondary catalyst, keep volatility high for Bitcoin.
Bearish
Bitcoin wan dey move down because geopolitical risk don start again, and market reaction dey show for both price and people position. If e break under the $67,000 area and the $65,500 support wey dey there, e go make more forced selling likely, especially if energy-price shocks or escalation headlines happen again. Liquidation data (over $440M total, with big long-side share) show say traders bin crowded for more upside, and that fit make any renewed selloff worse. Even though reclaiming $67,000 fit ease some bearish pressure, the current technical setup and weak demand around $69,000–$70,100 keep the near-term bias towards further downside.