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Bitcoin drops to $64,785 low as 86,000 traders take losses while oil exceeds $103
At the start of the week, the leading crypto asset — Bitcoin — fell below $65,000, hitting a daily low of $64,785. As a result, more than $100 million in Bitcoin long positions and around $85 million in Ethereum long positions were liquidated.
Bitcoin falls below $65,000 but rebounds as Wall Street futures decline
Bitcoin dropped 1.2% on the day and fell below $65,000 for the first time this month. As Bitcoin often acts as an early warning signal for traditional financial markets, some now suspect that Wall Street may face a weak opening.
“Bitcoin is falling after U.S. stock futures opened in the red and oil futures climbed to $103,” wrote Ash Crypto on X after 18:00 ET.
Shortly after 19:00, Bitcoin began recovering from its daily low of $64,785 recorded on Bitstamp about an hour earlier, with bulls attempting to reclaim the $66,000 level. The leading crypto asset by market capitalization has lost nearly 25% year-to-date and over 8% in the past two weeks.
Bitcoin managed to climb above $70,000 in March, but analysts “do not expect” the delta to turn positive again “anytime soon.”
1-hour $BTC/USD chart on Bitstamp, March 29, 2026, at 20:25 ET.
Liquidation data from Coinglass shows that 86,277 traders were liquidated over the past day, with total losses of $278 million, including $234 million in long positions, mostly tied to BTC and ETH. The total crypto market capitalization declined by about 0.58% to $2.28 trillion. For most of the session, crypto assets showed only minor percentage losses or less, although weakness was broadly observed across the market.
All of this appears linked to rising concerns in the traditional financial sector. Futures are signaling a weak Monday open, while sentiment on Wall Street remains cautious ahead of a shortened trading week due to holidays (markets are closed Friday). Dow Jones futures fell roughly 0.6%–1.7%, depending on the contract and timing, indicating a notably weak opening.
S&P 500 futures declined about 0.5%–0.6%, while Nasdaq futures also dropped around 0.6%–0.7% as of 19:30 ET. “I’m always surprised Sunday evening futures are down so little when no deal is expected. Down 0.50. I think big players will step in and push it to 1.5% before we go to sleep,” wrote market commentator and TV host Jim Cramer on X.
Whether Bitcoin can hold above $66,000 or gets pushed back toward the weekly low may depend less on active buyers and more on how traders interpret Monday’s market open. The next market move is weighing on every portfolio manager, while oil futures climbing above $100 tend to shorten investment horizons. Leveraged crypto traders holding long positions have already been the first to feel this pressure.
At the time of publication, at 20:25 ET on Sunday evening, Bitcoin is trading at $66,778, reflecting high volatility and a significant rebound over the past hour.
See also: "Bitcoin falls below $66,000 as oil shock fuels inflation and kills rate-cut hopes"
