Bitcoin drops toward $68,500 as 24-hour crypto liquidations exceed $250M

Bitcoin traded in a tight range around $70,000 and then slid toward $68,500 as over $250 million in crypto positions were liquidated within 24 hours. Analysts highlighted bears' attempts to regain control, pointing to clustered leveraged liquidity between $66,000 and $74,000 and warning of a likely retest of local support amid weakening demand. The market showed signs of reduced fresh capital inflows, raising concerns about the durability of recent bullish momentum.