Bitcoin Continues to Drop, Below $64,000: Latest Data, Reasons for the Decline, and Liquidation Events

Selling pressure has increased again in the cryptocurrency market.
Bitcoin’s price has dropped by up to 5%, falling below $64,000 after U.S. President Donald Trump announced plans to increase global tariffs to 15%.
According to market data, Bitcoin has decreased approximately 5% in the past 24 hours, down to $63,970. During this period, a total of $616 million worth of positions have been liquidated in the crypto market, with $524 million being long positions.
Bitcoin has entered a strong correction phase after surpassing $125,000 in October last year. This leading cryptocurrency also started the new year weak, losing 26% of its value since the beginning of the year. Since its October peak, the decline has exceeded 47%.

Experts say the current sell-off is not caused by a single factor. Global trade tensions and geopolitical risks are reducing investor enthusiasm.
Jeff Mei, CEO of the global blockchain technology company BTSE, stated that the sudden increase in tariffs has caused investors to sell off crypto assets, anticipating a more severe market downturn. Mei also noted that the increased U.S. military presence around Iran raises the risk of regional conflict, which could negatively impact global trade flows.
Markus Thielen, research director at 10x Research, said the recent decline is mainly due to weak liquidity and lower market confidence rather than a single news event. According to Thielen, the current situation indicates a typical bear market phase characterized by low trading volume and uncertainty.
Thielen believes that downside risk still exists due to the upcoming U.S. midterm elections and macroeconomic instability, and he argues that the possibility of Bitcoin dropping further to $50,000 should not be overlooked. The analyst states that stronger trading volume and more confident signals are needed to establish a sustainable bottom.