Bitcoin Slips Below $74K – Liquidations Take Over
Another rough session for crypto. As macro nerves spilled over from equities,
$BTC briefly broke below $74K, triggering a fresh wave of forced selling that dragged the entire market lower.
In the last 24 hours:
Total crypto market cap slid ~2.4% to ~$2.67T.
CoinGlass data: Over $700M+ in liquidations, with longs taking the biggest hit (~$530M).
$ETH and $SOL underperformed as leverage got flushed, echoing weakness in U.S. tech stocks like Nvidia and Microsoft.
Bitcoin itself dropped as low as ~$73.1K before bouncing back near ~$76.5K. Sentiment flipped to extremely bearish, even as chatter stayed elevated – a classic sign of stress rather than calm conviction.
So what now? Some traders think sub-$68K is unlikely even with more downside, while others still talk higher targets – just not anytime soon. The takeaway: This move wasn’t about crypto narratives. It was risk-off flows, leverage unwinding, and markets reacting together.
#BTC #Bitcoin #ETH #CryptoMarket
#Liquidations #PriceAnalysis