{"id":73706,"date":"2026-02-24T11:32:05","date_gmt":"2026-02-24T11:32:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=73706"},"modified":"2026-02-24T11:32:05","modified_gmt":"2026-02-24T11:32:05","slug":"btc-usd-drops-to-63k-295-million-in-longs-liquidated","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=73706","title":{"rendered":"BTC USD Drops To $63K: $295 Million in Longs Liquidated"},"content":{"rendered":"
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BTC USD \u00a0took a heavy hit in early trading, plunging to the $63K level and leaving a trail of wrecked portfolios in its wake. In a sudden market flush, traders longing for Bitcoin saw over $295 million wiped out in hours. If you have been nervously watching your portfolio turn red and feeling a knot in your stomach, you are definitely not alone.<\/p>\n

The sudden drop to $63K has traders asking the hard questions: Is this just a temporary leverage flush, or the start of a deeper correction driven by global economic fear?<\/p>\n

The market is testing<\/a> the nerve of every retail investor right now.<\/p>\n

\"Liquidation
Liquidation Heatmap 12 Hours Source:\u00a0Coinglass<\/a><\/figcaption><\/figure>\n

DISCOVER:\u00a0<\/span>Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2026<\/span><\/a><\/strong><\/p>\n

BTC USD Price Drops To $62,700: What Now?<\/h2>\n
\"Bitcoin
Bitcoin Price Analysis Source:\u00a0TradingView<\/a><\/figcaption><\/figure>\n

Bitcoin price crumbled under heavy selling pressure, breaking through support levels to hit a low of $62,700. BTC has fallen over 19% in February, marking its worst monthly performance since June 2022, and is down roughly 50% from its October 2025 all-time high near $126,000. Why the dramatic price action?<\/p>\n

Escalating U.S. tariff tensions, geopolitical risks (including U.S.-Iran concerns), and macro uncertainty pressured risk assets like stocks and crypto.<\/p>\n

Tech sector weakness: IBM\u2019s 13%+ plunge, its worst day in 25 years, after AI announcements triggered an AI-driven selloff that spilled into crypto.<\/p>\n

ETF outflows and liquidations: Sustained institutional outflows from Bitcoin ETFs (over five weeks) and $370 million+ in leveraged position liquidations amplified the drop.<\/p>\n

DISCOVER:\u00a016+ New and Upcoming Binance Listings in 2026<\/a><\/strong><\/p>\n

Traders on Kalshi See 90% Probability Bitcoin Hits Sub-$60K Low This Year<\/h2>\n
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JUST IN: 90% chance Bitcoin falls below $60,000<\/p>\n

\u2014 Kalshi (@Kalshi) February 24, 2026<\/a><\/p>\n<\/blockquote>\n