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Bitcoin briefly surpassed $70,000 but quickly plummeted by about 5% to below $67,000. #Bitcoin #CryptoMarket
• This pattern mirrors a similar correction earlier in the week from $69,200. #PriceVolatility #MarketCorrection
• The decline led to $240 million in liquidated leveraged derivatives trades, less severe than the $1.2 billion earlier in the week. #Liquidations #Leverage
• It’s a “Groundhog Day” scenario for Bitcoin, with rapid reversals following new all-time highs. #BitcoinCycle #MarketPatterns
• Nearly 1,000 BTC of sell orders on Binance and OKX created resistance, halting further gains beyond $70,000. #ResistanceLevels #SellOrders
• At the time of reporting, Bitcoin was trading at $66,950, with the broader CoinDesk 20 Index slightly in the green. #BitcoinPrice #MarketUpdate
@Bitcoin_Blockchain_Trading
