Analyst Explains Why Bitcoin Dumped to $65K on Saturday: Details - Bitcoin price dropped from $81,000 to just under #036;65,000 in the past week, with a significant drop occurring during the stable weekend. Analyst Ted Pileus attributed the decline to excessive leverage rather than large selling by whales, noting that over 500 million liquidations occurred, mostly from long positions. • Stable market capitalization of the stock market decreased by almost #036;9 billion (4.86%) during the slowdown, indicating a rapid loss of liquidity in the crypto market.