\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tOver $400 million longs have been wrecked in the past 24 hours. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The first breakdown to under $68,000 seemed as just the beginning for bitcoin\u2019s Friday correction, which just worsened with another dip to a fresh 3-week low.<\/p>\n
Most altcoins have followed suit, which has harmed over-leveraged traders, with more than 120,000 such participants being wrecked in the past day.<\/p>\n
It was less than 48 hours ago when the primary cryptocurrency tapped a multi-day peak at $72,000. However, the quickly escalating tension in the Middle East continues to take its toll on the market, and BTC dipped to $67,500 earlier today. This coincided<\/a> with the Royal Government of Bhutan transferring more BTC, perhaps to sell, and reports claiming that the US is considering sending up to 10,000 troops to Iran.<\/p>\n The landscape worsened in the following hours, as bitcoin just dipped to its lowest position in almost three weeks at just over $66,000. Micha\u00ebl van de Poppe was quick to pick up the move, indicating<\/a> that it\u2019s Friday and he wouldn\u2019t be \u201csurprised to see a deeper correction happening into months\u2019 end on BTC.\u201d<\/p>\n Recall that a massive $15 billion option expiry event will take place<\/a> today, as it\u2019s the end of the month and the first quarter of the year.<\/p>\n Van de Poppe said he expects a potential sweep of the current range\u2019s lows, and he remains interested in buying in the lower $60,000 regions.<\/p>\n Fellow analyst Merlijn The Trader said the second flag is breaking down after BTC lost the $69,000 support. He believes BTC could dump to as low as $47,500 if it fails to reclaim that crucial line soon.<\/p>\n THE SECOND FLAG IS BREAKING NOW.<\/p>\n Bitcoin printed a bear flag. Dumped to $65.500. Consolidated. Printed another one.<\/p>\n Support lost again at $69K.<\/p>\n Reclaim it fast: pattern fails. Most people will understand this too late. pic.twitter.com\/pRPF3jY8wd<\/a><\/p>\n \u2014 Merlijn The Trader (@MerlijnTrader) March 27, 2026<\/a><\/p>\n<\/blockquote>\n Most larger-cap alts have followed BTC on the way south, with ETH dropping below $2,000, BNB slipping to $610, and XRP trading beneath $1.45. Naturally, the liquidations are on the rise, with over $400 million in longs getting wiped out in the past 24 hours. Naturally, BTC and ETH lead the pack, with $187 million and $124 million, respectively, according to data from CoinGlass.<\/p>\n Over 120,000 traders have been wrecked in the same timeframe, with the biggest single liquidation taking place on Hyperliquid. It was worth close to $4 million.<\/p>\n \u00a0<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\nYou may also like:<\/h3>\n
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Stay below: measured move targets $47.500.<\/p>\nLiquidations Pop<\/h2>\n
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![<\/a>Liquidation Data on CoinGlass<\/figcaption><\/figure>\n\u00a0<\/p>\n\nSPECIAL OFFER (Exclusive)<\/span><\/center>\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n<\/p><\/div>\n](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-27-131937.png\"){kind=link}