After clawing its approach again above $67,000 on Saturday, bitcoin slipped 2.4% in opposition to the dollar on Sunday, gliding simply north of the $65,000 mark. Information from crypto derivatives markets present roughly $415 million in positions have been liquidated.
Almost 92,000 Merchants Liquidated as Bitcoin Pulls Again
On March 1, 2026, bitcoin hovered simply above the $65,000 zone at 4 p.m. EST after reaching larger ranges the day gone by. The main crypto asset is down 2.4% on the session and 22% decrease than it was 30 days in the past. From an all-time excessive standpoint, $BTC stays 48% under its Oct. 6 peak above the $126,000 vary.
The stumble has left a bruise throughout crypto markets, with the complete crypto sector off greater than 2% on the day and clinging to a $2.25 trillion market capitalization. Derivatives merchants are taking hits throughout the board, and of the $415 million in liquidations logged over the previous 24 hours, $246 million got here from lengthy positions, together with $133 million tied to bitcoin bets. Information from Coinglass.com exhibits 91,876 merchants have been liquidated throughout the identical stretch.
Bitcoin.com Information beforehand highlighted a Hyperliquid whale carrying a $42 million 40x leveraged lengthy on $BTC, who was partially liquidated on the time. As $BTC slid to an intraday low of $65,092, his internet fairness shrank from $463,729 to $156,212 by 4 p.m. EST. Different perpetual futures merchants who piled into lengthy positions after yesterday’s rebound watched their trades unravel rapidly through the day’s session.
Merchants Wager on $55K Bitcoin as Market Confidence Wavers
Confidence in a near-term rebound seems skinny, with prediction market members wagering that decrease costs could come first. On Myriad’s occasion titled “ $BTC subsequent transfer: Pump to $84K or Dump to $55K?”, merchants at present assign a 62% likelihood to a drop towards $55,000. Solely 38% are betting the main crypto asset reaches $84,000 earlier than testing deeper lows.
The Crypto Concern and Greed Index stays parked in “excessive concern,” registering 14 out of 100 on the day. Social media commentary runs the gamut, from requires capitulation to forecasts of a swift turnaround. Economist Alex Krüger wrote, “ Bitcoin @ 78-82 by finish of Q1. That’s my goal. Down right here, we’re within the land of doubt and concern. Above 71-72 is the place FOMO kicks in.”
Attempt’s vice chairman of technique, Joe Burnett, famous, “If bitcoin ends March under ~$67,000, it will likely be the second time in bitcoin’s historical past falling 6 consecutive months. The earlier time was January 2019, which marked the bear market backside.”
Burnett added:
“One yr later $BTC was 2.7x larger. Two years later $BTC was 9.7x larger.”
For now, short-term merchants are navigating sharp swings and thinning conviction, whereas longer-horizon advocates level to previous cycles that ultimately rewarded persistence.
Whether or not March closes as one other chapter in a chronic drawdown or the setup for a well-known restoration sample, the market is making one factor clear: leverage is unforgiving, sentiment is fragile, and each degree from right here carries weight.
FAQ 🧭
- What’s bitcoin’s value right this moment in the USA?
As of 4 p.m. EST on March 1, 2026, bitcoin is buying and selling simply above $65,000, down 2.4% on the day. - How a lot was liquidated in crypto markets prior to now 24 hours?
About $415 million in crypto derivatives positions have been liquidated, with $246 million coming from lengthy trades. - Why are merchants betting on decrease bitcoin costs?
Prediction market knowledge from Myriad exhibits a 62% likelihood that bitcoin falls to $55,000 earlier than reaching $84,000. - What does the Crypto Concern and Greed Index present proper now?
The index reads 14 out of 100, signaling “excessive concern” amongst crypto buyers.
