Post #6916

Bitcoin fell 3.9% to $69,9801 in 24h, slightly worse than the broader market (-2.57%). The drop is mainly due to risk-off sentiment from rising geopolitical tensions between United States and Iran, which pushed oil prices higher and pressured risk assets. Bitcoin is moving closely with the S&P 500 (82% correlation), showing a macro-driven move. Some leveraged positions were also unwound, but liquidation pressure is easing. Outlook: Hold $68K–$70K → possible bounce to $71.5K Break below → risk toward 50-week MA near $70K Spot ETF inflows could help support prices. 📉📊