Bitcoin Fails to Break Resistance, Triggers $75M Liquidations

Bitcoin's price failed to break above the $65,500 resistance level for the third time, leading to a sharp drop to $64,336. This move triggered $75 million in liquidations in the futures market, indicating a significant shift in investor sentiment.

The volatility reflects market uncertainty amid US regulatory debates and a pause in major institutional buying, which removed key support for the price.

Despite geopolitical easing, weak inflows and regulatory concerns weigh on momentum. Investors are cautious as Bitcoin tries to hold support and regain bullish momentum ahead of the monthly close.