$BTC reports $69,502, down 4.1% in 24 hours, with an intraday low of $67,922.
This drop isn’t due to a single negative catalyst: the U.S. Dollar Index broke above 103, reaching its highest level since April 2025; the U.S. 10-year Treasury yield rose to 5.125%; and liquidations across the crypto market exceeded $1.3 billion in 24 hours, including $677 million in BTC.
This is the first time it has fallen below $70,000 since August 19. It also briefly dropped below the 200-week moving average, at around $68,000.
Which do you think matters more: a stronger dollar or leveraged positions being flushed out?
#BitcoinBreaksBelow200WeekMovingAverage #Bitcoin
This drop isn’t due to a single negative catalyst: the U.S. Dollar Index broke above 103, reaching its highest level since April 2025; the U.S. 10-year Treasury yield rose to 5.125%; and liquidations across the crypto market exceeded $1.3 billion in 24 hours, including $677 million in BTC.
This is the first time it has fallen below $70,000 since August 19. It also briefly dropped below the 200-week moving average, at around $68,000.
Which do you think matters more: a stronger dollar or leveraged positions being flushed out?
#BitcoinBreaksBelow200WeekMovingAverage #Bitcoin
