Bitcoin drops below $67,000 as crypto market hits two-week low

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Bitcoin drops below $67,000

Highlights

BTC fell below $67,000, ETH traded near $2,000, and the market dropped to its lowest level since March 9.
Nearly $300 million in long liquidations versus about $50 million in short liquidations point to an overcrowded bullish market structure.
Pressure on cryptocurrencies intensified alongside a Nasdaq correction and oil prices holding above $110 a barrel.

Crypto market hits a two-week low

According to CoinDesk, Bitcoin fell below the $67,000 mark on Friday, while Ethereum approached $2,000. The CoinDesk 20 Index, which tracks major digital assets, was down 2.2%, reaching its lowest level since March 9. In effect, the market returned to levels last seen more than two weeks ago.

BTC price dynamics (March 2026). Source: TradingView

The decline in cryptocurrencies coincided with worsening sentiment in traditional markets. Pressure on the technology sector intensified, with the Nasdaq in the United States entering correction territory after falling more than 10% from its recent peak, while U.S. equity futures continued to slide. At the same time, oil remained above $110 a barrel amid concerns that the conflict around Iran could drag on and continue to fuel inflation risks.

Nearly $300 million in longs were liquidated

The clearest signal came from the derivatives market. Over the past 24 hours, nearly $300 million in long positions were liquidated, compared with roughly $50 million in short positions. That imbalance suggests the market had become overcrowded with bullish bets and was vulnerable to a sharp reversal lower.

This was already the fifth similar episode in the past 10 days in which bullish positions came close to a broad washout. In other words, some traders continued to bet on a recovery in prices, but the move never gained confirmation. Against that backdrop, several altcoins underperformed the broader market. XRP fell more than 2.5% over 24 hours, while open interest in its futures rose to 1.95 billion XRP, the highest since February 2. That combination is typically interpreted as a sign of growing interest in bearish positioning.

Other tokens were also under pressure. ETHFI lost about 6%, while WLD, WIF, SEI, and FET declined by roughly 3.6% to 4.7%. At the same time, ONDO as an exception: the token rose on the back of news linked to ETF tokenization.

A warning signal for risk assets

The current decline matters not only because of the price levels themselves, but also because of the combination of surrounding factors. On one side, Bitcoin dropped below $67,000, Ethereum approached $2,000.

On the other, nearly $300 million in liquidated longs showed how fragile trader positioning remains. With oil above $110 a barrel and the Nasdaq down more than 10% from its peak, the crypto market is once again showing a strong sensitivity to global risk sentiment.

It was earlier reported that Bitcoin falls below $68,500 as Iran war risks persist.

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