#BREAKING 🚨

#Bitcoin has dumped below $70,000, erasing nearly $120 billion in market value over the last 24 hours.

Almost $900 million in long positions were liquidated in the same window, as leverage finally snapped. $BTC is now trading back near its 2021 all-time high zone — a level loaded with history and psychology.

This wasn’t news-driven.

This was positioning unwinding.

When leverage breaks, price moves fast.