Bitcoin fell below $70,000 for the first time since August.
BTC sank as much as 5.4% today to $67,628, its lowest since Aug 19 — a two-day slide of up to 9% on inflation worries and rate-hike expectations. Around $1.5 billion in leveraged long bets were liquidated in 24 hours, and the selling fed on itself once $70,000 broke. ETH fell back under $2,000 too.
Behind it: US spot Bitcoin ETFs have now seen over $2.5 billion in net outflows since Oct 30, and stablecoin supply has shrunk $14.2 billion in 30 days — the sharpest contraction since 2022. Less fresh money coming in, more leverage being forced out.
$BTC
Take: $70,000 breaking matters less than what brings buyers back — watch the ETF flows, not the headlines.
#BTC #Bitcoin #Write2Earn #Crypto
BTC sank as much as 5.4% today to $67,628, its lowest since Aug 19 — a two-day slide of up to 9% on inflation worries and rate-hike expectations. Around $1.5 billion in leveraged long bets were liquidated in 24 hours, and the selling fed on itself once $70,000 broke. ETH fell back under $2,000 too.
Behind it: US spot Bitcoin ETFs have now seen over $2.5 billion in net outflows since Oct 30, and stablecoin supply has shrunk $14.2 billion in 30 days — the sharpest contraction since 2022. Less fresh money coming in, more leverage being forced out.
$BTC
Take: $70,000 breaking matters less than what brings buyers back — watch the ETF flows, not the headlines.
#BTC #Bitcoin #Write2Earn #Crypto
