Bitcoin Crashes Below $65,000 as Tariff Shock Sparks $464M Liquidations Fears $45K?

• Bitcoin crashes below $65,000 as liquidations surge marketwide amid tariffs
• Tariff shock triggers $464M wipeout across crypto markets in hours
• Analysts eye $45,000 as key support weakens rapidly under pressure

Bitcoin plunged beneath the $65,000 level in early Asian trading on Monday, triggering a fresh wave of forced liquidations across the crypto market. The sudden breakdown followed renewed trade tensions after President Donald Trump confirmed plans to raise global tariffs to 15%. As a result, risk assets weakened sharply, and leveraged positions unraveled within hours.

Market participants reacted swiftly to the White House announcement, which came shortly after the Supreme Court struck down the previous use of emergency tariff authority. Consequently, uncertainty surrounding U.S. trade policy intensified. Bitcoin, already showing technical weakness, extended losses and fell more than 5% during the session.

The flagship cryptocurrency now trades 26% lower year to date and has shed over 47% of its value since reaching nearly $125,000 last October.  These losses have revived discussions about whether a deeper correction toward the $45,000 zone could unfold if support levels fail.

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Liquidation Cascade Deepens Market Pressure

Volatility accelerated as liquidations swept across derivatives platforms, with CoinGecko data showing that approximately $464 million worth of crypto positions were wiped out over the past 24 hours, while about 82% of those liquidations occurred within a single four-hour window, highlighting the speed of the selloff.

The largest individual liquidation reached $61.5 million on the X exchange, and such forced closures amplified downward momentum because exchanges automatically unwound leveraged trades, while cascading liquidations discouraged short-term buyers from stepping in during sharp declines.

$45K Back in Focus as Analysts Warn of Deeper Slide

Technical analysts remain focused on key price thresholds as pressure builds. Fidelity’s Jurrien Timmer previously identified the $60,000 level as the potential floor of the current bearish cycle. However, renewed macroeconomic stress has placed that support back under scrutiny. Meanwhile, popular trader DonAlt warned, according to his recent Twitter commentary, that Bitcoin needs a daily close above $71,000 to avoid what he described as a slow bleed. Without that recovery, bearish traders are watching for a move toward the $42,000 to $45,000 range.

Anthony Scaramucci of SkyBridge Capital and Strategy’s Michael Saylor have also acknowledged that Bitcoin remains in a bear market phase. Their remarks reflect a broader shift in tone among institutional voices as volatility persists. Bitcoin’s slide below $65,000 underscores how macro headlines and leveraged positioning continue to drive near-term price action. Investors are closely monitoring whether the $60,000 region can stabilize the market or whether liquidation pressures will push prices closer to the feared $45,000 level.

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