Bitcoin fell over 10% in 24 hours, hitting a low just above $63,000, marking its worst one-day decline since the FTX collapse. Analysts warn of a lack of support, with key levels around $58,000 to $60,000. Altcoins like XRP suffered even greater losses during the sell-off.

Bitcoin's price remained stable amid increased trading volume, despite a long-term holder moving $228 million to exchanges. Ether fell 3.4%, contributing to a broader drop in altcoins, with the "altcoin season" index dropping to 26/100. Over $600 million in leveraged futures positions were liquidated, indicating a bearish trend in the market.