Bitcoin's crash to $65K triggers $1.8B in crypto liquidations
Bitcoin's sudden drop to $65,000 caused over $1.8 billion in liquidations across the crypto market. Traders are now watching to see if $60,000 will hold as the next support level.
765 stories about Bitcoin from across the crypto press, curated and summarized daily. Most recent: Oct 25, 2026.
Bitcoin's sudden drop to $65,000 caused over $1.8 billion in liquidations across the crypto market. Traders are now watching to see if $60,000 will hold as the next support level.
Bitcoin is trading at one of its deepest discounts relative to its long-term trend according to the power law model, a level previously seen during the March 2020 crash and the FTX collapse. Historically, these lows have preceded significant rebounds.
Mt. Gox, the infamous defunct Bitcoin exchange, transferred 10,422 BTC (worth $739 million) to a new wallet. This move comes as the exchange prepares to repay creditors, with the repayment process set to begin by October 2026.

Investors withdrew $1.67 billion from crypto funds last week, the second-largest outflows of 2026, with Bitcoin funds seeing the biggest weekly exit. Meanwhile, XRP and HYPE attracted inflows, bucking the trend.

Bitcoin's price hit a two-month low after Strategy made its first BTC sale since 2022. Bitcoin ETFs have shed billions in value over the past two weeks, turning negative for 2026.

A dispute over whether Strategy's Bitcoin sale happened before the end of May is putting over $50 million in Polymarket bets at risk. The outcome hinges on verifying the exact timing of the transaction, with no clear resolution yet.

CME Group now offers round-the-clock crypto futures and options trading on CME Globex, including new Bitcoin volatility contracts that track the CME CF Bitcoin Reference Rate. This move expands access to crypto derivatives for institutional investors.

1. OVERNIGHT MOVES

Bitcoin has dropped from the low-$80,000s to around $75,000 as spot demand, ETF inflows, and volatility expectations continue fading. While market positioning has reset, investor conviction remains limited.

A massive $1.26 billion sale of BlackRock's IBIT Bitcoin ETF suggests a large investor exited quickly. NYDIG disputes the basis-trade theory, pointing to the large discount and the lack of an unusual spike in CME Bitcoin futures volume.

Bitcoin miners are under pressure as the network's hash rate growth slows and flattens, while AI demand for energy could further squeeze their operations. Fidelity Digital Assets says 2026's crypto slump masks a deeper 'structural retooling,' as institutional adoption, tokenization, and Bitcoin's evolving infrastructure quietly advance despite weaker prices.

Bitcoin ETFs have seen record outflows totaling $2.8 billion over nine consecutive days, signaling cooling demand. This trend coincides with reduced accumulation by large investors, or 'whales,' underscoring a trying time for the crypto market.

The entire US Constitution has been inscribed on the Bitcoin blockchain. Someone paid an $83 transaction fee to permanently store the document in a Bitcoin block.

1. OVERNIGHT MOVES

Texas has appointed a five-member advisory committee to oversee its Strategic Bitcoin Reserve as the state prepares to transition from ETF exposure to directly custodied bitcoin.

Treasury Secretary Scott Bessent said the U.S. has seized up to $1 billion in cryptocurrency linked to Iran. This marks one of the largest crypto-related seizures in U.S. history, targeting funds allegedly tied to illicit activities.

Coinkite has released the Coldcard MK5, building on the MK4's dual secure element security with a larger Gorilla Glass screen, redesigned buttons, and improved NFC capabilities for smoother Bitcoin transactions.

Andrew Gault, a venture capitalist who funded quantum hardware labs, warns Bitcoin's biggest quantum risk isn't wallet keys but a broader threat. Google's own security team shifted focus in the same direction this March.

The CFTC has approved the first U.S.-listed bitcoin perpetual futures, allowing Coinbase to connect American traders to global crypto derivatives markets. This move significantly expands access to crypto trading options for U.S. investors.

The CFTC has approved Kalshi to offer Bitcoin perpetual futures in the U.S. This marks the first time such contracts are available to American traders. The move could expand crypto derivatives trading options for retail investors.

1. OVERNIGHT MOVES

CryptoQuant reports that bitcoin whale and dolphin accumulation has stalled, indicating weak demand and a deteriorating holding structure.

Bitcoin ETFs have experienced their longest withdrawal streak since January 2024, with investors pulling out $2.8 billion. This comes as bitcoin lags behind the performance of AI and semiconductor stocks.

Bitcoin exchange-traded funds (ETFs) have now surpassed $100 billion in total net inflows, according to data from Stacy Muur. This milestone highlights the growing mainstream adoption of Bitcoin as an investment vehicle.