Story

On air. The free wire runs 15 minutes behind live. See pricing

World, crypto, finance and tech news, scored for impact.

Crypto@OdailyChina on XFiled 46 min ago

A post by @OdailyChina on X.

Open the post on XPosted by @OdailyChina on x.com

Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.

Bitcoin briefly broke below $70,000 and slid under $69,000 to around $69,189, a 6.19% drop in 24 hours, triggering a panic-driven selloff across crypto markets. Coinglass data showed more than $1.2 billion in liquidations over the same period, with long positions absorbing the bulk of the forced closures. The move matters because it marks a sharp unwind of leveraged bullish positioning near the psychologically important $70,000 level. Traders will watch whether Bitcoin can reclaim that threshold or whether further long liquidations accelerate a deeper drawdown.

Muhabbit's AI wrote this summary of @OdailyChina's post in its own words. It can get details wrong, so read the post on X.

Named in this story

Bitcoin (BTC), OdailyChina, Coinglass

A linked name opens that asset's sentiment page.