BTC price news: Bitcoin falls under $68,000
CoinDesk
Bitcoin dropped below $68,000 amid a week-long selloff, leading to over $1 billion in crypto liquidations.Summary
Bitcoin fell below the $68,000 mark during U.S. morning hours on Thursday, continuing a week-long selloff that mirrors weakness in global risk assets and heightens near-term downside concerns. Over the preceding 24 hours, crypto liquidations surpassed $1 billion, resulting in the forced closure of approximately $980 million in leveraged bullish positions. Liquidity heatmaps indicate that the $70,000 level is mechanically significant; if Bitcoin moves cleanly below this point, there is less forced buying from liquidations to impede the decline, increasing the probability of a faster drop toward the high $60,000s.
(Source：CoinDesk)