$BTC Bitcoin lost its footing 🚨
BTC slipped below the $68,000 mark and that level break triggered panic selling. In just a few hours, price dropped ~4%, not a slow bleed but a full-speed liquidation cascade.
Here’s what really happened 👇
Heavily leveraged longs got wiped out
Tens of millions in forced liquidations hit the tape fast
Selling fed on itself as margin calls kicked in
The impact spread instantly across the market. Roughly $90B in total crypto market cap vanished, turning the heatmap deep red.
Big caps like $ETH , $BNB, and SOL all moved in sync with BTC clear proof this was systemic stress, not an isolated move.
Moves this violent usually point to underlying fragility. After leverage flushes, markets rarely calm down immediately volatility tends to linger.
Now the key question traders are watching:
👉 Was this just a leverage reset clearing weak hands…
👉 Or the first warning of a broader corrective phase?