Bitcoin Drops Below $66,000 Warning: CEX Long Position Liquidation Storm

If Bitcoin falls below $66,000, the liquidation intensity of long positions on mainstream CEX will reach $1.12 billion, and the market is closely watching the $70,000 threshold.

Market Trends:

Bitcoin Stress Test: If Bitcoin's price drops below $66,000, the liquidation pressure of long positions on mainstream cryptocurrency exchanges (CEX) will sharply increase to $1.12 billion. Investors are closely monitoring whether Bitcoin can hold key support, while the $70,000 threshold becomes a new expectation for the market.

Institutional Moves: According to Arkham, BlackRock invested $300 million in Bitcoin on October 21, showing that institutional funds remain optimistic about the cryptocurrency market.

Regulatory Developments:

SEC Tightens Regulations: FOX reporters revealed that the U.S. Securities and Exchange Commission (SEC) has included cryptocurrencies in its key review list for 2025, indicating a stricter regulatory environment ahead, and investors need to be prepared.

Macroeconomic Factors:

European Economic Outlook: ECB board member Lane stated that weak economic growth in Europe may further dampen inflation, bringing uncertainty to the European market.

Charitable Developments:

Bill Gates Donation: The New York Times reported that Bill Gates has donated $50 million to Harris, demonstrating his philanthropic spirit and firm support for social welfare.