Bitcoin Price Slides to Two-Week Low as Liquidations Top $300 Million and Macro Pressure Builds

Bitcoin Magazine Bitcoin Price Slides to Two-Week Low as Liquidations Top $300 Million and Macro Pressure Builds Bitcoin price fell below $66,500 on Friday, hitting its lowest level in more than two weeks as a wave of long liquidations and mounting macroeconomic stress weighed on the crypto market.. Data shows nearly $300 million in long positions were liquidated over the past 24 hours, according to Bitcoin Magazine Pro data, compared with roughly $50 million in short liquidations, pointing to an unwind of crowded bullish positioning in crypto futures. The imbalance reflects a market that had leaned heavily long and is now adjusting as sentiment shifts. The bitcoin price selloff coincided with a broader risk-off move across global markets. Nasdaq 100 futures have fallen about 10% from their January highs, while oil prices climbed near $100 per barrel amid escalating geopolitical tensions tied to the ongoing conflict involving Iran. Earlier today, Israel said it will escalate strikes on Iran after renewed waves of Iranian missile attacks, while both sides continue exchanging fire despite ongoing diplomatic efforts. President Trump has paused U.S. strikes on Iranian energy infrastructure for 10 more days to allow negotiations, even as reports suggest the Pentagon is considering deploying up to 10,000 additional troops to the Middle East. Meanwhile, the conflict is widening regionally, with shipping disruptions reported in the Strait of Hormuz, Gulf states on alert after strikes, and Iranian casualties reportedly nearing 2,000 as international talks continue in Europe. The surge in crude has renewed inflation concerns and pressured risk assets, including cryptocurrencies. Bitcoin price dynamics Bitcoin price briefly approached $71,500 this week on optimism tied to a potential diplomatic breakthrough in the Middle East. Those gains reversed as uncertainty around negotiations resurfaced, pushing prices lower and reinforcing sensitive market conditions. Despite the rec...