Bitcoin
Why Bitcoin is down 2.1% today
Analysis
Bitcoin fell 2.1% over the past 24 hours as selling pressure was reinforced by continued ETF-related outflows, with Cointelegraph reporting a fourth straight week of crypto fund withdrawals totaling about $173M alongside BTC dipping below $70K. At the same time, Cointelegraph highlighted heightened liquidation risk and debate over a potential bearish “regime shift,” which can weigh on sentiment and increase volatility.
Contributing Factors (3)
$75K or bearish ‘regime shift?’ Five things to know in Bitcoin this week
Bitcoin market analysis focused on liquidations and the wick to $59,000 for signs of the next significant BTC price move on lower time frames.
Crypto funds log fourth week of outflows at $173M as BTC dips below $70K
Crypto funds saw $173 million outflows last week as Bitcoin and Ether slipped, while XRP and Solana bucked the trend across global markets.
Bitcoin: Short liquidations hit $736 mln as BTC rebounds to $70K: Squeeze brewing?
Bitcoin rebounded toward $70K as short liquidations surged, signaling early signs of sentiment stabilization.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.