Just before the week could even clear its throat, the top crypto asset bitcoin slipped beneath the $65,000 mark, brushing an intraday low of $64,785. In the process, more than $100 million in bitcoin long positions and roughly $85 million in ethereum longs were unceremoniously wiped out.
Bitcoin Slips Below $65K, Bounces Back as Wall Street Futures Bleed
Bitcoin is down 1.2% on the day and dipped below $65,000 for the first time since the month began. With bitcoin often playing the role of TradFi’s early warning signal, some now suspect Wall Street may be in for an unpleasant morning.
“ Bitcoin is dumping after U.S. stock market futures opened in the red and Oil futures rose to $103,” the X account Ash Crypto wrote after 6 p.m. Eastern time.
Just after 7 p.m., bitcoin clawed its way up from the $64,785 intraday low recorded on Bitstamp, tapped about an hour or so earlier, with bulls making a push to reclaim the $66,000 threshold. The leading crypto asset, by market valuation, is off nearly 25% year to date and more than 8% over the past fortnight.
Bitcoin did manage to climb above the $70,000 range in March, but analysts “don’t expect” the Delta to flip green again “anytime soon.”
BTC/USD 1-hour chart via Bitstamp on March 29, 2026, at 8:25 p.m. Eastern time.
Liquidation data from Coinglass shows 86,277 traders were liquidated over the past day, with $278 million wiped out, including $234 million in long positions, largely tied to BTC and ETH. The entire crypto economy has slipped about 0.58% on the day and now sits at $2.28 trillion. For most of the session, the bulk of crypto assets posted only mild percentage losses or less, though weakness crept in across the board.
All of this appears tied to TradFi’s growing unease. Futures are signaling a weak open for Monday, while sentiment on Wall Street remains guarded heading into the holiday-shortened trading week (no trading on Friday). Dow Jones futures are down roughly 0.6% to 1.7%, depending on the contract and timing, with implied opens pointing to a notably soft start tomorrow.

S&P 500 futures are off about 0.5% to 0.6%, while Nasdaq futures are also lower by roughly 0.6% to 0.7% as of 7:30 p.m. Eastern time. “Always surprised that the Sunday night futures are down so little with no deal in sight. Down .50. I figure the big gunners will come in and take them down to 1.5% before we go to sleep,” stock market commentator and television personality Jim Cramer wrote on X.
Whether bitcoin finds its footing above $66,000 or gets dragged back toward the week’s low may hinge less on eager buyers and more on how traders interpret Monday’s open. The market’s next move is already lurking in the back of every portfolio manager’s mind, and oil futures creeping past $100 tend to compress time horizons in a hurry. Crypto traders clinging to leveraged longs have already had a front-row seat to that pressure.
At press time, at 8:25 p.m. Eastern on Sunday evening, bitcoin is changing hands for $66,778 per unit, indicating incredible volatility and a significant bounce back over the last hour.
FAQ 🔎
- How low did bitcoin fall? Bitcoin dropped to an intraday low of $64,785 on Bitstamp, slipping below $65,000 for the first time this month.
- How many traders were liquidated? Coinglass data shows 86,277 traders were liquidated in the past 24 hours, with $278 million wiped out.
- Why is bitcoin falling? Bitcoin is tracking broader macro pressure, with U.S. stock futures pointing lower and oil climbing past $103 a barrel.
- How is the wider crypto market holding up? The total crypto market slipped 0.58% on the day and now sits at $2.28 trillion.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin 8-Hour Average Funding Rate Turns Negative at -0.01%
Gate News message, April 22 — According to Coinglass data, Bitcoin's 8-hour average funding rate across the network currently stands at -0.01%, indicating a slight bearish sentiment among futures traders.
Among major exchanges, funding rates vary: one exchange at -0.0007%, another at -0.0033%, a th
GateNews3h ago
BTC 24H up 5.01%, current price 79399.3 USDT
Gate News bot message, Gate market data shows, BTC has risen 5.01% in the last 24 hours, current price is 79399.3 USDT.
CryptoRadar3h ago
MicroStrategy Could Drive Bitcoin to $10M If It Accumulates 7.5% Supply, Saylor Says
MicroStrategy aims for 7.5% of Bitcoin supply, implying $10M per BTC; as of Apr 19 it held 815,061 BTC (~3.88%) for $61.56B, needing ~3.62% more to target saturation in Saylor’s long‑term accumulation plan.
Abstract: MicroStrategy seeks to accumulate roughly 7.5% of Bitcoin supply, a threshold Saylor suggests could push BTC to about $10 million and slow purchases thereafter. By April 19 it owned 815,061 BTC (≈3.88% of supply) for $61.56B and would require about 3.62 percentage points more to reach the target, indicating a approaching saturation of its long-run accumulation strategy.
GateNews4h ago
Bitcoin Liquidation Levels: $28.21B Long Liquidations at $74,951, $16.13B Short Liquidations at $82,741
Gate News message, April 22 — According to Coinglass data, if Bitcoin falls below $74,951, cumulative long liquidations across major centralized exchanges would reach $28.21 billion.
Conversely, if BTC breaks above $82,741, cumulative short liquidations across major CEXs would reach $16.13 billion.
GateNews5h ago
Bitcoin and Ethereum Spot ETFs Record Consecutive Net Inflows; BTC ETFs Reach $99.08B in Assets
Abstract: Bitcoin and Ethereum spot ETFs posted net inflows on Apr 21, extending multi-day streaks. BTC inflows were led by BlackRock’s IBIT and Grayscale, with GBTC outflows; ETH inflows were led by ETHA, with ETHE outflows.
Summary: Bitcoin and Ethereum spot ETFs posted Apr 21 inflows, extending gains; BTC led by IBIT and Grayscale with GBTC outflows, NAV $99.08B (6.54%). ETH inflows topped by ETHA, ETHE outflows; NAV $13.66B, inflows $12.05B.
GateNews6h ago
Expert Observes a Bullish 90-Day Bitcoin Pattern Repeating, BTC Could Hit $145,000 ATH Target
Expert observes a bullish 90-day Bitcoin pattern repeating.
He declares accumulation phase complete and expects manipulation phase to start.
BTC could hit $145,000 ATH target in the final distribution phase.
The crypto market has been moving in an upwards direction after weeks of
CryptoNewsLand6h ago