Bitcoin has slipped below $65,000 as cryptocurrencies continue their extended downtrend.
Notable Statistics:
- Coinglass data shows 157,606 traders were liquidated in the past 24 hours for $591.48 million.
- In the past 24 hours, top gainers include pippin, JUST and ether.fi.
Notable Developments:
Trader Notes: Crypto Tony said Bitcoin has three critical levels in focus this week.
A reclaim of the weekly open would signal short-term strength and could restore upside momentum.
Until then, those levels remain pivotal in determining whether price stabilizes or faces further pressure.
Trader KillaXBT noted that Bitcoin is breaking below its internal range low near $65,000.
If the cryptocurrency fails to reclaim that level, bulls could face deeper downside.
He added that there is no clear trade trigger unless Bitcoin moves back above the range low and forms a bullish lower-time-frame structure.
On-Chain College said Bitcoin has fallen below the long-term holder realized price, or true cost basis, at $65,700 and is attempting to reclaim it.
Historically, sustained losses of this level have preceded deeper corrections.
Past cycles suggest that if Bitcoin fails to recover it, price could slide toward the $42,000 region or lower.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
