Market Under Pressure as Bitcoin Tests Key Levels
The crypto market is under clear stress today as Bitcoin slipped below the 71,000 USDT zone, triggering heavy liquidations across futures markets. Over $500 million in leveraged positions were wiped out, mostly longs, showing how crowded bullish positioning had become.
Sentiment indicators are deep in fear territory, which historically can open the door for short-term relief rallies, though downside risks still remain.
Altcoins continue to lag, with Bitcoin dominance holding firm, a typical sign of risk-off conditions. This phase looks less like a sudden crash and more like a slow reset as the market adjusts to tighter liquidity and changing cycle behavior.
Patience matters more than predictions here.
Disclaimer: Educational content only. Crypto markets are risky and volatile. Not financial advice. Do your own research. Trade at your own risk.
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