Cryptocurrency is being sold off for no particular reason, but it no longer matters as many are facing liquidation on their portfolios or under collateral. And to avoid liquidation, people/funds are forced to sell assets at the order book, -12% in a day for Bitcoin is certainly not common. In the last 3 weeks, -35%, I don't even remember when this last happened, probably only during COVID. In today's video, I considered the possibility that it would hold at 70K but that did not happen and it continues to decline. Sooner or later, the sell-off will end; usually, strong movements finish with long candles like today. There are many orders around 60K, and they will likely go down from there. Let's see how the daily closes. But for now, no long positions should be considered. #BTC $BTC

BTC

66,521.84

-1.75%