Bitcoin's price fell sharply to $66,458, marking a 6% drop in 24 hours and hitting a two-month low. Ethereum also declined significantly, dropping 6.7% to $1,867. The overall cryptocurrency market capitalization decreased by 4.82%, falling to approximately $2.3 trillion. The CMC Crypto Fear & Greed Index entered the "Fear" zone at 26, reflecting the market's bearish sentiment. The downturn was exacerbated by significant liquidations, with $1.361 billion in long positions liquidated within 24 hours. Strategy, a major Bitcoin holder, sold 32 BTC, contributing to the market's unease. Additionally, Abraxas Capital offloaded 1,000 BTC, and Mt.Gox-related wallets moved $739 million in BTC, further increasing market volatility. Despite the sell-off, BitMine increased its Ethereum holdings by 25,000 ETH. Geopolitical tensions in the Middle East, including Iranian missile activity and U.S. military responses, have also contributed to market instability. Analysts suggest that Bitcoin's critical support level is at $65,000, with differing opinions on future price movements. Some traders anticipate a rebound before reaching this level, while others remain cautious about further declines.