A significant decline occurred in Bitcoin over the past two weeks. The price dropped to its lowest level in two weeks as $300 million worth of long positions were liquidated. It is currently trading around 71.5K and has decreased by 1.81% in the last 24 hours.

Such large-scale position closures typically create volatility in the market. Liquidations like "three doors" can affect short-term traders and position holders. Some analysts see this as a technical correction, but there is some concern in the market.

Support levels have now become critical. If these levels are broken, the price could go even lower. Conversely, if it stabilizes, a new upward wave could begin. While some prefer to wait while the "three doors" are closed, others are willing to take risks.