Bitcoin Falls Below $65,000: Examining the Unexpected Market Shift

crypthub

about 3 hours ago

Market Break Below $65k

Bitcoin fell to $64,772 on April 10, slipping past the $65,000 psychological level. The drop triggered automated sell orders across major exchanges. Analysts warn the move may boost short‑term volatility. Technical tools such as RSI and moving averages now require close monitoring.

Underlying Factors

Higher correlation with equity markets, ongoing regulatory uncertainty, and notable whale outflows pressured price. BTC dominance slipped to 52.3% and the Fear & Greed Index fell to 45, signalling fear. Net inflows of 12,400 BTC onto exchanges further contributed to the sell‑off.

Historical Context

Similar corrections followed major liquidity events, like the 2024 Bitcoin‑ETF approvals. Past pullbacks of 20% or more usually lasted 2‑8 weeks before the trend resumed. Fundamental metrics such as active addresses and hash rate stay robust despite the dip.

Implications and Outlook

Altcoins often show amplified swings, while DeFi TVL and Layer‑1 tokens display growing price independence. Institutional investors maintain long‑term allocations, providing a price floor. Risk management and focus on long‑term fundamentals are advised as the market seeks a new equilibrium.