Bitcoin Price Today As Bulls Defend $65K–$66K Zone Amid Geopolitics and Tariffs Tensions

Bitcoin experienced a breakdown that triggered elevated volatility across the market. The asset is now attempting to stabilize near a critical demand base as higher- and lower-timeframe indicators point to a decisive phase. Leverage conditions have added further sensitivity to short-term price action.

How Liquidity and Whale Moves Influence Bitcoin

In an X post, analyst Ted wrote that markets are primarily driven by liquidity and not headlines. He referenced the universal themes of geopolitics, inflation data, speeches by the central bank, rate expectations and elections but said that ultimately the flow of liquidity will determine where asset prices move.

However, analyst highlighted that increasing liquidity is generally bullish for risk assets and decreasing liquidity is generally bearish. He added that some of the most powerful bull markets have taken place during wars and economic anxiety, which indicates that money flow matters more than stories. Liquidity, he added, is driven by central banks’ actions, credit markets and fiscal policy, as well as investor risk appetite.

As of press time, Bitcoin price is trading around the $68,000 mark. Analyst highlighted that as long as BTC clings to the $65,000–$66,000 area, a rally toward $72,000 seems highly likely to happen. He also pointed out that even after the selling and growing U.S.-Iran tensions, the asset found some support.

As CoinGape reported, Bitcoin whale Garett Jin transferred significant holdings to exchanges. The trader moved 6,318 BTC, valued at approximately $425 million, to Binance as part of a broader $760 million transfer. The transaction raised speculation about potential selling pressure.

Bitcoin Weekly Structure Holds as Liquidations Rise

According to technical analyst Cryptorphic, there is no significant structural change on the weekly. Bitcoin price is still in the trading range described around the 200-Week EMA in conjunction with a known fair value gap. Since the drop, price action has consolidated at support and buyers are defending it.

Cryptorphic labeled the move as yet another leg of a higher time frame correction and base building range rather than a new breakdown. Sustaining above the mid-$60,000 region will keep the structure aligned with consolidation on support, he said. The weekly candle close, he noted, will decide whether or not the asset is bottoming out or gearing up for another move.

Derivative data reflects heightened activity. According to analytical platform CoinGlass, Bitcoin liquidations within the past 24 hours totalled $19.79 million. Of the total amount, $5.18 million were long liquidations. However, short liquidations stands at $14.61 million, signaling stronger selling pressure for bearish bets.

Wider macro trends have also caught the attention of the market. As CoinGape reported, the U.S. President Donald Trump said that they are going to raise the global tariff rate immediately from 10% to 15%. He said the increase is within legal limits and that further tariff steps would be decided at a later date in the next few months.