Bitcoin Recovers Asia Session Losses to Reach $66,300

Macroeconomic Pressures and Geopolitical Risks The sharp pullback in Bitcoin prices during the Asian session is linked to U.S.
President Donald Trump's plans to impose new 15% global tariffs on trading partners and increased military activity in the Middle East.
The expansion of the U.S.
military presence near Iran has driven investors away from risky assets, supporting demand for precious metals viewed as safe havens.
This market movement mirrored a decline and subsequent partial recovery in S&P 500 futures.
Liquidation Wave in the Altcoin Market According to CoinGlass data, selling pressure in the market led to approximately $270 million in liquidations across altcoins.
Popular assets such as Solana (SOL) and Sui (SUI) lost between 7% and 8% in value, while ETHFI stood out by decoupling positively from the market.
A low-liquidity environment was a primary factor amplifying price movements and causing wide-scale fluctuations across the cryptocurrency market.
Derivatives Market and Volatility Expectations Total open interest in crypto futures has remained below $100 billion for over two weeks, indicating that demand for leveraged products remains moderate.
However, Bitcoin's 30-day implied volatility index (BVIV) rose by 9% to exceed 60%, signaling increased market anxiety.
In the options market, bearish sentiment has gained weight.
According to Deribit data, put options are trading at a premium compared to call options, with investors closely monitoring the $58,000, $60,000, and $62,000 levels.