Bitcoin Price Crash to $60K Sparks Trader Hunt for Hidden Fund Liquidation

The recent sharp decline in Bitcoin's price, which saw it plummet to the $60,000 support level, has triggered heightened anxiety among cryptocurrency traders. Market participants are now actively investigating whether a concealed, large-scale fund liquidation or "blowup" is the underlying cause of the sell-off. This search for a hidden catalyst reflects deep-seated concerns about market stability and potential contagion risk, as traders scrutinize order books and derivatives data for clues of forced selling pressure that may not be immediately visible. The situation underscores the volatile and often opaque nature of the crypto market, where sudden price movements can prompt fears of unseen financial failures.