Bitcoin has been under a lot of selling pressure lately.
It’s been trading around $74,500 to $76,200, after dropping about 3.5% in one day.
More than $2 billion worth of crypto positions were wiped out, and Bitcoin made up a big part of that. Some very large holders also moved a lot of $BTC (worth over $50 million) between exchanges.
People are feeling mostly bearish right now because money is leaving Bitcoin ETFs and big investors are being more cautious. The main areas where buyers might step back in are around $69K–$74K.
Trading activity is still strong, with around $60B being traded.