Bitcoin fell below $65,000 amid global tariff concerns; what should investors track

• Bitcoin fell below $65,000 amid global tariff concerns
• Over 136,000 traders liquidated, totaling $458 million losses
• Experts advise disciplined, long-term accumulation strategies

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Bitcoin prices rapidly scaled back from the high of $67,310 during the early trade, but recovered some of those losses to trade just above $64,970 on February 23 (9:45 am IST), though still down 4.52 percent in the last 24 hours.

"Bitcoin is trading below $65,000 as Asian markets react to Trump’s 15% global tariffs announced over the weekend. The new set of tariffs, issued after the US Supreme Court invalidated the previous set, sparked risk-off sentiment across markets. For now, BTC might test the $60,000 levels before a rebound. Immediate resistance stands at $68,500," said Akshat Siddhant, Lead quant analyst at Mudrex.

According to Riya Sehgal, Research Analyst at Delta Exchange, capital flowed toward safe havens like gold, which rallied by over 2%, while de-risking exacerbated the sell-off in crypto. On-chain data showed that more than 136,000 traders were liquidated, totalling $458 million, with 92% of those positions long.

"Alongside ETF outflows and tightening liquidity, sentiment has collapsed. The Crypto Fear and Greed Index now sits at 5-6, one of the lowest readings since 2018. While near-term bias remains bearish, prolonged extreme fear often precedes medium-term accumulation phases," said Sehgal.

Other cryptocurrencies followed the cue. BNB was down 5,14 percent, Solana 8.86 percent, TRON 0.55 percent, Dogecoin 4.69 percent, Bitcoin Cash 5.03 percent, Ehereum 5.67 percent, XRP 5.99 percent, whereas Tether was up 0.03 percent over the last 24 hours.

"In a bearish environment, Pippin price leads the gainers with over 26.38% jump, followed by Kite by over 17.40%. On the other hand, LayerZero drops by 11.51%, Pump.fun and Zcash by over 10% each, and Pudgy Penguins and Ethena by over 8% each," said CoinDCX Research Team

Here's how the price of cryptocurrencies has moved.

Why is Bitcoin down? Should you invest?

According to Avinash Shekhar, Co-Founder and CEO of Pi42, bitcoin’s latest slide below $65,000 reflects how sensitive digital assets remain to macro headlines, especially the renewed uncertainty around US tariff policy. Despite the near-term pressure, the broader structure of the crypto market remains intact. Periods like these typically flush out leveraged positions and speculative excess, creating a healthier base for the next phase of growth.

"Bitcoin continues to behave as a macro-sensitive asset in the short run, but its long-term adoption drivers, such as institutional participation and ecosystem expansion, remain firmly in place. Investors should avoid reacting impulsively to headline-driven swings," said Shekhar.

He suggests a disciplined approach, such as staggered accumulation, maintaining adequate liquidity, and focusing on fundamentally strong assets, can help navigate the current phase. "Those with a long term horizon may view corrections as opportunities to build exposure gradually rather than attempting to time short-term moves."

Vikram Subburaj, CEO of Giottus, advises investors to adopt an accumulation strategy. "For investors using crypto futures, the objective should be to capture directional downside moves with measured leverage. Preserve capital and avoid chasing short-term gains."