Bitcoin ($BTC ) plunges to $68,630 after losing support, marking its worst monthly decline.
The market microstructure confirms the bearish whipsaw:
Bitcoin ($BTC ): Down 6.88% in 24 hours to $68,632, breaking below the psychological $70,000 floor.
Mass liquidations: CoinGlass reports $1.47B wiped out in derivatives over 24 hours ($1.31B in long positions).
- ETFs see no demand: Institutional outflows of $284M in the session underscore the lack of buying.
- The trap for buyers at $70K has been sprung; short-term liquidity is now seeking a base at $67,900.
Will this zone hold as support, or will weekend panic push the price to new lows? 👇
#BitcoinCoreDisclosesTorTrafficVulnerability
The market microstructure confirms the bearish whipsaw:
Bitcoin ($BTC ): Down 6.88% in 24 hours to $68,632, breaking below the psychological $70,000 floor.
Mass liquidations: CoinGlass reports $1.47B wiped out in derivatives over 24 hours ($1.31B in long positions).
- ETFs see no demand: Institutional outflows of $284M in the session underscore the lack of buying.
- The trap for buyers at $70K has been sprung; short-term liquidity is now seeking a base at $67,900.
Will this zone hold as support, or will weekend panic push the price to new lows? 👇
#BitcoinCoreDisclosesTorTrafficVulnerability
