#bitcoinprices BTC $300M longs wiped in hours — now the battle is clear: $60K support vs $70K resistance.
Bitcoin sits near $66K after its sixth straight monthly loss. Fear dominates (70+ days in extreme fear), ETF outflows show weakening demand, yet long‑term holders keep stacking.
Global backdrop adds fuel:
• War in Iran + surging oil = inflation risk
• Gold sliding toward bear market while BTC consolidates
• Institutions cautious, but MicroStrategy still buying
Short‑term: $60K or $70K first?
Macro view: Crypto is caught between war shocks, inflation, and capital rotation — with Bitcoin increasingly seen as a hedge.