BTC Reclaims $70,000 After $8.7B Market Wipeout
After a brutal shakeout that erased roughly $8.7 billion from the market,
$BTC has clawed its way back to the $70K level.
That rebound tells us something important.
The dip triggered heavy liquidations. Weak hands got flushed.
But buyers stepped in aggressively near key support.
This is classic crypto behavior:
Sharp drop → Panic → Liquidations → Strong bounce...
The real question now isn’t “Did we bounce?”
It’s this:
Is $70K turning back into support…
Or is this just a relief rally before another volatility wave?
Watch closely:
• Spot buying vs. leverage
• Open interest behavior
• ETF inflows/outflows
• Volume strength on the recovery
Strong markets reclaim levels and build structure above them.
Weak markets spike and fade.
The next few daily closes will matter.
Stay sharp. 📊
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