Bitcoin slipped under $64K and the market reacted instantly.

Over $126M in long positions wiped out in just 12 hours — not a slow bleed, a sudden trapdoor.

The move felt less like panic and more like pressure finding its release point. Leverage stacked too high, liquidity too thin, and once price cracked, the cascade handled the rest.

Moments like this don’t announce themselves in advance. They just arrive, clear the board, and leave the market quieter than before.