Red overnight! More than $1.6 billion in leveraged positions wiped out—A major liquidity sweep occurred in the early hours: Bitcoin broke below the $70,000 support level and dragged the entire market down with it. More than 185,000 traders were forcibly liquidated, and the crypto market lost tens of billions of dollars in minutes.

The community is wondering: Is the deleveraging over, or is there more pain ahead? What price do you think will be the bottom?

I think Bitcoin will keep falling. Stay alert, guys.