The post Bitcoin Price Falls Under $66.5K With 79M in Longs Wiped Out appeared on BitcoinEthereumNews.com.

Bitcoin price has tumbled sharply, falling from near $69,000 to under $66,500 in just 60 minutes. The sudden BTC price crash has liquidated more than $79 million in long positions, according to data from Coinglass. Concurrently, the total crypto market capitalization lost roughly $90 billion during the drop, despite US stock markets trading in positive territory. Source: X Ethereum price also declined during the same window, falling below $2,000. According to the liquidation map, heavy long clusters were stacked below $66,000, creating pressure as prices approached key support zones. Despite the short recovery today, the Bitcoin price is now ranging between $66,000 and $68,000 if the support holds. According to crypto analysts, IT Tech, the SuperTrend has flipped red, signaling bearish momentum for the BTC price. The analysts noted that failure to reclaim $68,000 quickly could expose BTC to more downside, with liquidation risk growing below $65,500. US Debt Forecast Adds Pressure to Market Mood The selloff came shortly after the Congressional Budget Office (CBO) released its latest economic forecast, raising concerns about the long-term health of US government finances. The agency warned that the national debt will surpass its World War II peak by 2030, reaching 106% of GDP and potentially climbing to 175% by 2056. Source: X The updated outlook raises the projected 10-year deficit by $1.4 trillion compared to last year’s estimate. Net interest payments are expected to double from $1 trillion in 2026 to $2.1 trillion by 2036, driven by higher interest rates and expanding borrowing needs. CBO Director Phillip Swagel said, “Our budget projections continue to indicate that the fiscal trajectory is not sustainable.” The report also projects the Social Security trust fund will run out of reserves by 2032, a year earlier than previously expected. Trump Era Policies Add to LongTerm Fiscal Burden Much…

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Filed under: News - @ February 11, 2026 7:28 pm