Bitcoin Slides to $65,000 as Machi Big Brother Reopens 25x Leveraged Long After Liquidation

Bitcoin weakened again as risk aversion intensified, selling pressure from whales grew and recent buyers cut their losses, making $65,000 a key psychological line of defense. 10x Research warned that if the price breaks below that level, the next clearer support could be near $50,000. Risks for leveraged traders have also risen sharply with the volatility.

On February 23, 2026, Bitcoin abruptly fell more than 4% in a single day and briefly dropped below $65,000. BTC and ETH long positions held by Machi Big Brother, Jeffrey Huang, on Hyperliquid were forcibly liquidated, taking his cumulative losses above $28.8 million. He subsequently opened another long position in 1,700 ETH at 25x leverage.