NaseerCryPto expert

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Bitcoin moved below the $68,000 level, extending a week-long selloff that is linked with weakness across global risk markets. Heavy selling has increased concerns about further downside in the near term.
Over the last 24 hours, crypto liquidations crossed $1 billion, with most losses coming from bullish leveraged positions. As prices dropped, many traders were forced to close positions due to lack of funding.
Liquidity data shows that support thins quickly below $70,000, making this level technically important. If price moves clearly below it, the market could see a faster drop toward the high $60,000 range due to reduced forced buying.
Prediction markets are also showing cautious sentiment. Traders are now assigning higher probability to Bitcoin trading around $65,000 or lower in the future, while expectations for much higher prices have weakened.
ETF data supports this cautious view, as US spot Bitcoin ETFs recorded net outflows, and leverage in futures markets continues to decline.
Despite this pressure, some traders still see the $68,000–$70,000 zone as a key technical area due to strong historical trading activity. A sustained break below this range could lead to a longer consolidation phase.
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