Bitcoin drops below $74,000 for the first time since April 2025, triggering a fresh wave of selling across the crypto market. The move marks a key technical break and accelerates downside momentum amid already fragile sentiment.
The decline sparks renewed liquidation pressure. Over the past hour alone, more than $63 million in leveraged crypto positions are forcibly closed, amplifying price swings as traders rush to reduce exposure in a rapidly falling market.
Market expectations also shift lower. Data from Kalshi shows traders increasingly pricing in a further drop, with contracts implying Bitcoin could fall toward $59,000 later this year. The development underscores growing bearish positioning amid elevated volatility.
