• Bitcoin dropped from $68,600 to $64,300, erasing weekend gains. • $468M in crypto futures liquidated, mostly long positions. • Largest single forced closure: $61.5M BTC-USDT on HTX. • Crypto Fear & Greed Index fell to extreme fear. • Bitcoin now 48% below October record high, cycle of rallies and resets likely to continue.
Article Summaries:
- Bitcoin fell from a Saturday high of $68,600 to $64,300 on Monday, triggering the largest single forced liquidation in 24 hours-a $61.5 million BTC‑USDT position on HTX. The sell‑off erased weekend gains and led to roughly $468 million in crypto futures liquidations, with long positions accounting for about 93 % of the total. The Crypto Fear and Greed Index dropped to an “extreme fear” level of 5, a reading seen only three times since 2018. Bitcoin is now 48 % below its October record and 5.5 % below its 2021 peak, and analysts warn that the pattern of sharp rallies, liquidations and resets is likely to continue.
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