$BTC Falling below $70k does not mean the bears have already won; the current price is around $66,295, indicating that the market has shifted from a psychological battle to testing rebound selling pressure.


In 24 hours, $760 million was liquidated, and the entire market evaporated $176 billion, which is not a normal pullback but a simultaneous removal of leverage and risk appetite.
However, open interest in BTC contracts still stands at $7.07 billion, indicating that the chips have not been truly withdrawn; the funding rate is +0.0082% and long positions account for 69%, showing longs are still paying to hold on tightly.
Fear of greed has already turned into panic; US sanctions on Iranian crypto exchanges, Sanders and Warren pressuring Bitcoin 401(k) rules are adding policy noise; next, watch whether open interest declines, ETF flows, and large on-chain transfers.
This content was generated with the assistance of Claude Opus 4.8 and is for informational purposes only; please verify independently.
BTC-6.29%
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Nguyenbao
· 1h ago
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