Bitcoin Drops Below $67K on Trump Speech
By Sofia Gabriela Martinez
Published on April 3, 2026.
Bitcoin fell below $66K on Wednesday, triggering $251M in long liquidations. Over $251 million in long positions were liquidated within 24 hours, with 80% of exposure concentrated on Binance. The market recovered to close near $66,907. The sell-off confirmed that Bitcoin continues to trade as a risk asset. Miners are dumping BTC, with Riot Platforms selling 3,778 BTC in Q1 and Arkham raising a fresh 500 BTC outflow ($34M). 8.2 million BTC are currently held at a loss, approaching levels seen during the 2022 bear market. Meanwhile, Bitcoin received conditional approval for a U.S. trust charter from the OCC, a significant step for institutional crypto custody. The Senate CLARITY Act compromise is reportedly close, with a markup expected soon. Stablecoin supply reached $315B and monthly transaction volume hit $7.2T in February.
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