Haciyev Reşit 
Selling pressure has regained strength in the crypto market, pushing Bitcoin below the $70,000 level and increasing pressure on investors. Rising uncertainty in global markets and a growing risk-off mood have weakened appetite for crypto assets, accelerating Bitcoin’s pullback. With heightened volatility, sharp liquidations—especially in leveraged trades—have taken place, and the last 24 hours of data point to a more cautious market stance.
Sharp Wave of Liquidations in Leveraged Trades
According to market data, a total of $955.03 million in positions were liquidated across the crypto market in the past 24 hours. The majority of these liquidations came from long positions opened with bullish expectations, creating a chain reaction that intensified the decline.
- Long liquidations: $793.94 million
- Short liquidations: $161.08 million
This picture shows that Bitcoin’s pullback triggered a clear long squeeze. Analysts emphasize that heavy use of leverage deepened selling pressure and made the downturn more severe.
Key Levels in Bitcoin Under Close Watch
Bitcoin slipping below $70,000 is viewed as an important weakening signal for the short-term technical outlook. Experts warn that if prices remain below this level, selling pressure could deepen and downside momentum may accelerate. In the event of a rebound, investors are expected to closely monitor support zones that previously saw strong demand, as well as areas with dense liquidation activity.
Meanwhile, macroeconomic uncertainties, weaker ETF flows, and the ongoing global risk-off trend are cited as the main factors weighing on Bitcoin. Analysts note these dynamics could keep volatility elevated in the short term, while any improvement in market sentiment may help stabilize prices.
Sell-Offs Spread Across Altcoins
Bitcoin’s sharp decline also accelerated selling in the altcoin market. Many major altcoins posted double-digit losses, with the liquidation wave spreading across the market. Experts caution that volatility could remain high in the near term, especially for lower-liquidity altcoins. Bitcoin’s drop below $70,000—coupled with $955 million in liquidations—once again highlights the crypto market’s fragile structure. While high volatility is expected to persist in the short term, investors are urged to be cautious with leverage, prioritize risk management, and closely track key support and resistance levels.
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