#bitcoin 📉🔥
🚨 Crypto market is storming: $BTC fell below $70,000, more than $800 million liquidated!
While the US stock market (S&P 500) is updating historical highs and storming the 7,600-point mark, the crypto is demonstrating a sharp divergence and flying to two-month lows. Bitstamp recorded a local bottom at $69,631.
Over the past 24 hours, the cascade of liquidations of long positions (BTC + altcoins) has already approached $800 million. Longists are paying for excessive leverage again.
Technical analysis: where to look for the bottom?
The pressure of sellers is growing, and the bulls are not in a hurry to save the situation yet. What charts and famous traders say:
📉 Loss of key levels: The level of $72,500, which served as an important support, has been finally lost. BTC has broken through an already steep descending channel.
🎯 Next stop is $68,700: Renowned trader Ardi notes that if we don’t quickly bounce back above the breakout zone, the market will head for the next major liquid halving in the $68.7K area.
⚠️ Strength test from Material Indicators: Analysts warn that the main test for the market is the $68,000 – $69,000 range (Q2 2026 Timescapes levels). If the bulls break this zone, the 200-day moving average (200-day SMA) will come into play. A loss of the 200-SMA will only mean one thing — “pack your bags for Bear Paradise” (Bearadise).
Why is crypto falling and stocks rising?
The main driver of geopolitical uncertainty is the shaky situation around the US-Iran peace deal.
While the traditional market is positive (Donald Trump said that the negotiations are “moving along at a rapid pace”), the crypto market is acting more cautiously and is risking a breakdown of the truce. As a result, the S&P 500 may close the 10th consecutive week in the green zone (for the first time since 1985), adding $11.7 trillion in capitalization, while $BTC is showing weakness.
🚨 Crypto market is storming: $BTC fell below $70,000, more than $800 million liquidated!
While the US stock market (S&P 500) is updating historical highs and storming the 7,600-point mark, the crypto is demonstrating a sharp divergence and flying to two-month lows. Bitstamp recorded a local bottom at $69,631.
Over the past 24 hours, the cascade of liquidations of long positions (BTC + altcoins) has already approached $800 million. Longists are paying for excessive leverage again.
Technical analysis: where to look for the bottom?
The pressure of sellers is growing, and the bulls are not in a hurry to save the situation yet. What charts and famous traders say:
📉 Loss of key levels: The level of $72,500, which served as an important support, has been finally lost. BTC has broken through an already steep descending channel.
🎯 Next stop is $68,700: Renowned trader Ardi notes that if we don’t quickly bounce back above the breakout zone, the market will head for the next major liquid halving in the $68.7K area.
⚠️ Strength test from Material Indicators: Analysts warn that the main test for the market is the $68,000 – $69,000 range (Q2 2026 Timescapes levels). If the bulls break this zone, the 200-day moving average (200-day SMA) will come into play. A loss of the 200-SMA will only mean one thing — “pack your bags for Bear Paradise” (Bearadise).
Why is crypto falling and stocks rising?
The main driver of geopolitical uncertainty is the shaky situation around the US-Iran peace deal.
While the traditional market is positive (Donald Trump said that the negotiations are “moving along at a rapid pace”), the crypto market is acting more cautiously and is risking a breakdown of the truce. As a result, the S&P 500 may close the 10th consecutive week in the green zone (for the first time since 1985), adding $11.7 trillion in capitalization, while $BTC is showing weakness.