Bitcoin: Under $71K as $751M Liquidations Hit Markets 📉

⚠️ BITCOIN SLIPS BELOW $71,000 AS $751 MILLION IN LIQUIDATIONS RATTLE THE MARKET

The selling pressure intensified overnight, with $BTC dropping to a session low of **$70,159** before recovering slightly to $70,849**. Over the past 24 hours, **155,514 traders** have been liquidated — **$751.35 million in total, with longs accounting for $632.41 million** of that wipeout. The largest single liquidation was a **$23.99 million BTCUSDT position on Binance itself.

What's driving the selloff?

· Iran tensions re-escalating — Iran moved to halt negotiations with the United States and threatened the Strait of Hormuz, a critical energy chokepoint. Oil prices jumped, reigniting inflation fears.

· ETF bleeding continues — U.S. spot Bitcoin ETFs have now seen nine consecutive days of net outflows, totaling over $2.8 billion of institutional capital exiting.

· Fear & Greed Index now sits at 23 — solidly in "Extreme Fear" territory, a level not seen since the February 2026 downturn after the initial U.S.-Iran escalation.

Analysts remain split. The next critical zone is $68,800–$68,500. If that fails, the next pocket of support sits near $66,000. But here's the counterpoint: on-chain data shows exchange reserves at multi-year lows and long-term holders accumulating. The selling is headline-driven, not structurally broken.

Are you buying this dip or waiting for a clear bottom?

#BTC #Bitcoin #Liquidations #ExtremeFear #BinanceSquare