2.18 Review: BTC drops below $67,000, nearly 77,000 liquidated, high-level volatility not over yet

On February 18, the crypto market was quite turbulent. Bitcoin fell nearly 2.9% intraday, briefly dropping below $67,000, and traded sideways below $68,000 throughout the day. On-chain data shows that nearly 77,000 traders were liquidated within 24 hours, indicating significant capital wipeout. This decline was not caused by sudden negative news but appears to be a reallocation of high-level positions, with intensified battles between whales and short-term holders. For ordinary traders, chasing high increases amplifies risk; it’s more important to hold small positions and set proper stop-losses rather than trying to bet on the direction.