Bitcoin price fell below the $70,000 mark on Tuesday, recording an intraday low of $69,922 at the time of writing. This move marks the first time BTC has traded at this level since November 2024, highlighting the intensity of the ongoing correction.
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The decline was fueled by a combination of macroeconomic bearish signals and aggressive deleveraging across derivatives markets. Over the past 24 hours, cascading liquidations reached approximately $451 million, amplifying selling pressure and accelerating losses.
With key psychological support now breached, Bitcoin’s price is increasingly exposed to further downside, with $65,000 emerging as the next critical level to watch if bearish momentum persists.
Source: https://beincrypto.com/bitcoin-price-falls-below-70000-after-crashing-21-this-week/