Bitcoin Holds Steady During Massive $800 Billion Tech Sell Off

Bitcoin is currently trading near $65,500, holding its ground despite a turbulent week for global markets. An $800 billion sell off in artificial intelligence and technology stocks has rattled risk assets, yet Bitcoin has managed to avoid a major breakdown. While some traders were forced to liquidate holdings to cover collateral calls, the price has maintained a relatively stable range after dipping toward $64,600.

Institutional interest remains a critical factor for the next move. Recent data shows net outflows from spot Bitcoin ETFs, suggesting that major players are still waiting on the sidelines before committing more capital. Without a clear signal of renewed buying demand, Bitcoin faces a tough climb to reclaim the $68,000 resistance level.

Looking ahead, traders are watching two specific zones. If Bitcoin fails to hold current levels, it could drift down toward support between $60,000 and $62,000. On the flip side, a move back above $68,000 would be a positive sign that bulls are regaining control, potentially opening a path toward $72,000. For now, the market remains in a cautious holding pattern as participants wait for fresh economic catalysts.