


Bitcoin fell below $68,000 on Thursday morning in the United States, continuing a wave of selling that has persisted for the past week. This drop reflects the overall weakness of global risky assets.
In the past 24 hours, over $1 billion in crypto positions have been liquidated. Approximately $980 million of this figure consists of long leveraged bets that had to be closed due to falling prices.
Liquidity data indicates that the $70,000 level is a critical mechanical level for Bitcoin. A clean transition below this level could risk a faster decline into the high $60,000 range due to weaker support levels and queued liquidation points.
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