#bictcoin $USDT The 70k wall: Analysis of the drop
The downward break of USD 70,000 has not been an isolated event. Technically, Bitcoin has lost key supports, including its 200-day moving average, which has triggered caution signals among short-term traders. At the time of writing, the price fluctuates in a "search for lows" zone, where analysts closely monitor USD 65,000 as the next line of defense. This drop has been accelerated by a momentary "crisis of faith." Unlike previous cycles driven by retail trading, the current movement is strongly linked to spot Bitcoin ETFs. Data shows significant net outflows in the largest Wall Street funds, suggesting that "smart money" is readjusting its portfolios amid global uncertainty.
