Bitcoin downward move keeps getting stronger each day. After briefly nearing the $70,000 level, it has now slipped back below $70,000 on Binance.
At this stage, Bitcoin has dropped under $70,000 for the first time in roughly 15 months, marking its lowest level since November 2024.
Binance data shows that dipped BTC under the $70,000 level, falling to roughly $69,250.
Bitcoin is now moving between $69,000 and $70,000 after dropping more than 8% over the past 24 hours.
Meanwhile, Ethereum and other altcoins are still seeing heavy selling. $ETH dropped 7.6% over the last 24 hours, sliding to around $2,070.
The steep drop also set off a wave of futures liquidations. Nearly $1 billion in positions were wiped out over the past 24 hours, with about $797 million coming from longs and just $161.5 million from shorts.
Bitcoin traders made up the biggest portion of the liquidations.
$BTC : $453 million
$ETH : $234 million
SOL: $70.6 million
XRP: $33.4 million.
Over the past 24 hours, 206,074 traders were liquidated, with the biggest single liquidation happening on Aster in the $BTC/USDT pair worth $11.3 million. Bitcoin is still trading around $69,300.
