đ„ BTC BREAKS BELOW $70,000, OVER $1.2 BILLION IN POSITIONS LIQUIDATED
đ» The $70,000 level fails to hold
Bitcoin fell below $70,000, its lowest level since August, as a wave of sell-offs swept across the entire market. More than $1.2 billion in leveraged positions were liquidated over 24 hours, most of them long positions.
đ Verified figures
Bitcoin alone accounted for around $677 million in liquidations, with more than 96% of them being long positions; BTC open interest fell 5.21% to $48.44 billion. The price is currently around $68,600, down nearly 7% in 24 hours, while U.S. spot Bitcoin ETFs saw net outflows of $299.8 million in the latest session, extending their outflow streak to five consecutive sessions.
đ€ïž The market is in extreme fear territory, with the Fear and Greed Index at just 21. With most leverage already flushed out, volatility may ease, but $70,000 has now become a level that needs to be reclaimed before a recovery can be discussed.
$BTC $ETH
đ» The $70,000 level fails to hold
Bitcoin fell below $70,000, its lowest level since August, as a wave of sell-offs swept across the entire market. More than $1.2 billion in leveraged positions were liquidated over 24 hours, most of them long positions.
đ Verified figures
Bitcoin alone accounted for around $677 million in liquidations, with more than 96% of them being long positions; BTC open interest fell 5.21% to $48.44 billion. The price is currently around $68,600, down nearly 7% in 24 hours, while U.S. spot Bitcoin ETFs saw net outflows of $299.8 million in the latest session, extending their outflow streak to five consecutive sessions.
đ€ïž The market is in extreme fear territory, with the Fear and Greed Index at just 21. With most leverage already flushed out, volatility may ease, but $70,000 has now become a level that needs to be reclaimed before a recovery can be discussed.
$BTC $ETH
