Bitcoin Briefly Dips Below $70,000 Amid Market Liquidations

Bitcoin briefly fell below $70,000, posting an intraday low of $69,478 and last trading at $70,096 after a 5.18% decline over the past 24 hours, according to Binance market data cited by Wu Blockchain. Data from derivatives analytics platform Coinglass showed approximately $61.71 million in crypto positions were liquidated in the past hour, mostly long positions.