Odaily Planet Daily reports that QCP Group’s latest analysis indicates that Bitcoin fell below $65,000 in early trading today, triggering approximately $230 million in long liquidations. The market is under pressure as it digests new tariff risks and broader geopolitical uncertainties, with President Trump’s move to raise global tariffs from 10% to 15% further dampening macro risk appetite. With Bitcoin’s price still significantly below the average mining cost, mining companies are feeling increased pressure, prioritizing liquidity over hodling strategies—Bitdeer has already liquidated its Bitcoin reserves, signaling the latest trend of miners de-risking and partially shifting toward the AI sector. However, the market is not uniformly bearish; this round of liquidations has been notably milder than earlier this year, with the market reacting more cautiously to news. While options markets still price in downside risk, positioning structures appear cleaner. Additionally, ETF fund flows resemble basis trade unwinds rather than broad exits, suggesting a restructuring of capital allocation rather than a complete withdrawal from the market.
Bitcoin Falls Below $65,000, Triggering $230M in Long Liquidations as Miners De-Risk
KuCoinFlashShare
Summary
Bitcoin news: Price dropped below $65,000, triggering $230 million in long liquidations. Risk appetite weakened amid concerns over Trump’s tariff proposal and rising geopolitical tensions. Miners are adjusting strategies, with Bitdeer selling Bitcoin to shift focus toward AI. While market pressure persists, this round of liquidations is less severe than earlier this year. ETF outflows appear more like the unwinding of basis trades than outright exits, indicating structural shifts rather than panic.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.