Why did Bitcoin drop over the weekend?

Reports of Iran Israel strikes sparked a risk-off move while weekend liquidity was thin. That led to fast selling, wide spreads, and over $500 million in crypto liquidations. With fewer bids in the book, price fell quickly toward $63,000 before stabilizing as depth slowly returned.

What key levels should I watch this week?

Support sits near $63,000 and then the $61,000 area. Resistance is $68,000 to $70,000. A daily close above $68,500 would signal improving momentum. A close under $61,000 would warn of a trend extension toward $60,000. Track these zones during Asia hours when local depth improves.

How can Japan-based traders manage weekend risk?

Trade smaller, use hard stops, and be mindful of weekend liquidity. Consider time-based exits and avoid stacking leverage. Hedges in gold or oil perps can help but should be small and short in duration. Reassess positions into the Monday Tokyo open when spreads and depth typically stabilize.

Are long-term prospects still positive after this drop?

Volatility does not end the long-term case. Our model shows a base-case 1-year path near $98,201 and multi-year potential beyond that, though outcomes vary. Treat these as scenarios, not guarantees. Focus on risk control today and scale in only when momentum and liquidity improve.

Global Market Insights

BTCUSD Today March 01: Iran Strikes Sink BTC to $63K; 24/7 Hedges Rally

ByDanny Kontos March 1, 2026

Bitcoin price today fell toward $63,000 after reports of Iran Israel strikes shook risk assets and thinned weekend liquidity. The BTCUSD pair rebounded later but remains fragile as over $500 million in crypto liquidations hit derivatives. We break down the drivers, levels, and hedging ideas for Japan-based traders. We also review momentum signals and what to expect into the Asia Monday open. Stay focused on liquidity pockets and clear invalidation levels to control risk.