Macro pressure hit crypto directly, sending Bitcoin below $63,000 as the dollar index climbed to 101 on renewed rate-hike talk. That slide pushed price into the low $62,000 area, which matters because this is where traders now need to see buyers step in and stabilize the move.
Bitcoin’s price action presses through $64,000, then sets support just above $61,800, with resistance holding near $64,700. The most recent mark is $62,366, inside that new support band.
Roughly $159 million in liquidations hit during the move, and open interest fell with it. That combination usually points to leveraged positions being forced out, not traders piling into fresh risk. So for now, this looks more like a leverage washout than an aggressive rebuild.
Bitcoin holding below $63,000 as the dollar index pushes to a one-year high sets tomorrow’s risk tone.