A post by @KobeissiLetter on X.

Bitcoin dropped below $71,000 for the first time since August 20 as selling pressure in crypto markets intensified, leaving the largest cryptocurrency more than 19% lower since October 2. The move extends a sharp October drawdown and marks a decisive break of a level that had held for roughly six weeks. The decline signals broadening risk aversion across digital assets rather than an isolated pullback. Traders will watch whether Bitcoin can reclaim the $71,000 threshold or whether the slide accelerates toward the next support zone.