Bitcoin drops 4.5% in 2 hours, market sentiment turns negative

Bitcoin fell 4.5% within 2 hours, with its price dropping to $64200 for the first time, the lowest level since February 5th, resulting in a large number of long positions being liquidated. BTC's open contracts dropped to $19.5 billion, only half of the peak of $38.3 billion on January 14th, 2026. In addition, although the decline occurred during the low social activity period on Sunday evening in the United States, negative sentiment has surged to a two-week high, and retail investor sentiment has turned into panic mode. （Santiment）