Bitcoin Liquidations Exceed $250M as Price Stays Near $70K

Traders face significant liquidations exceeding $250 million as Bitcoin hovers around $70,000, indicating market volatility ahead.

In a tumultuous turn of events, Bitcoin has led to a wave of long and short liquidations, surpassing $250 million within a single day. Currently, the cryptocurrency remains relatively stable, oscillating around the $70,000 mark, as analysts anticipate a potential retest of local support levels.