Square Site Map
BTC Drops Below $66,000! $340 Million in Liquidations as Oil Prices Surge and the U.S. Dollar Rebounds Strongly
Bitcoin experienced a sharp correction on March 9, 2026, falling below the psychologically important $66,000 level and trading in the $65,900–$66,300 range during early Asian hours. This move triggered widespread liquidations across leveraged positions, with total liquidations reaching approximately $340 million in just a few hours according to major exchange data aggregators. Long positions bore the brunt of the pain, as sudden downside momentum caught many traders off-guard.
The primary drivers appear to be macro-related rather than crypto-specific. Oil prices surged dramatically due to escalating geopolitical tensions, pushing Brent crude well above $100/barrel and WTI futures following suit. Simultaneously, the U.S. dollar index (DXY) showed a strong rebound, gaining strength as investors sought safety amid global uncertainty. In such environments, Bitcoin tends to behave more like a risk asset, correlating positively with equities and inversely with the dollar during risk-off periods.
For traders, this event highlights the increasing influence of traditional macro factors on crypto price action. Support levels to watch now include $64,000–$65,000 (previous swing lows) and the 200-day EMA around $63,800. A failure to reclaim $68,000 quickly could lead to further downside testing, while a rapid recovery might signal that this was a classic shakeout of weak hands.#FebNonfarmPayrollsUnexpectedlyFall $ETH at 2,032.35. Price is waking up again… quietly, but you can feel it.
No panic, no rush.
This looks like strength building, not distribution.
Buy zone 1,910 to 2,032.
Upside levels
First push 2,080
Next level 2,150
If momentum really kicks in, 2,250 is on the table Invalid below 1,890 on strong selling Not a chase move.
This is one of those “hold steady and watch it unfold” setups. If volume steps in, this can surprise fast.
#ETH 
