$BTC Nvidia Added Pressure, But the Weakness Was Already There
Bitcoin dropped below $72K as market uncertainty intensified.
$BTC had already lost its 50D, 100D and 200D moving averages, while spot ETF outflows reached $1.44B over five sessions.
Leverage made things worse: $707M in crypto liquidations, including $593M in Long positions.
Now $70K–$71K is the critical support zone. A breakdown could expose $66.6K–$67K.
The key question: can real spot demand return before another wave of forced selling?
#Bitcoin #BTC #CryptoMarket #Trading
Bitcoin dropped below $72K as market uncertainty intensified.
$BTC had already lost its 50D, 100D and 200D moving averages, while spot ETF outflows reached $1.44B over five sessions.
Leverage made things worse: $707M in crypto liquidations, including $593M in Long positions.
Now $70K–$71K is the critical support zone. A breakdown could expose $66.6K–$67K.
The key question: can real spot demand return before another wave of forced selling?
#Bitcoin #BTC #CryptoMarket #Trading
