While Bitcoin dropped below $65,000 with the opening of Asian markets, there was intense fluctuation in the markets as the long position of approximately $230 million was liquidated. It is considered that macro developments such as the increase in global customs tariffs proposed by former US President Donald Trump and the ongoing US-Iran tension played a role in this decline.
Miners Turn to Liquidity
The crypto mining industry is under significant pressure at current price levels. Bitcoin price is well below the $87,000 level, which is shown as the industry’s average production cost. This situation causes miners to create financial maneuvering space by converting the Bitcoin they hold into cash instead of evaluating it. Finally, Bitdeer Technologies turned to strengthening its balance sheet by selling all its Bitcoin assets.
Fund Flows and Market Positions in ETFs
Despite the weakness in price, the pace of downward movements in the options market appears to have decreased compared to previous sales waves. Last week, there was a total net outflow of $316 million from Bitcoin ETFs. These outflows are mainly associated with return differences and arbitrage reasons; Experts point out that this process does not mean that institutional investor demand is over.
It is stated that open positions are still active, especially in IBIT ETFs, and that investors are trying to optimize their risks in derivative markets. On the other hand, clear regulatory steps that may come to the agenda in the coming period and negotiations between the USA and Iran are considered among the possible recovery factors for the market. Bitcoin’s rise above $ 74,000 again stands out as an important threshold for permanent momentum.
Technical Assessments from Analysts
From a technical perspective, it seems that prices quickly fell to the $64,000-$65,000 band as Bitcoin lost its important support in the $66,000-$65,000 range. Currently, the price has responded to the impact of demand in this region.
If the $64,000 support is broken, $62,000 stands out as the next main liquidity zone in the market. However, if buyers manage to stay in the market at this level, it may be possible for Bitcoin to make a short-term recovery and the price to move towards $67,000-68,000 levels. According to the latest data, sellers currently control the momentum in the market.
In another technical evaluation, it was stated that Bitcoin’s fall below $ 65,000 marked the lowest level of the last 17 days. It is reported that before this, short positions were closed around the $ 70,000 level, and in the following decline, long positions below $ 65,000 were liquidated.
This environment, where fluctuating and rapid price movements continue, puts short-term traders in a challenging position. In the first 50 trading days of 2026, the Bitcoin price was recorded with a 23 percent loss of value.
