Bitcoin Falls Below $65,000, Triggering $230 Million in Liquidations After 15% Global Tariff Hike

Bitcoin dropped below $65,000, triggering roughly $230 million in liquidations after Trump raised global tariffs to 15%, QCP said. The firm noted miners face pressure with BTC trading below an estimated $84,000 production cost, with some companies reportedly selling reserves, though liquidation levels remain less intense than earlier this year. ETF flow patterns suggest investor repositioning rather than widespread exits, QCP added.