Bitcoin Slips Below $70,000 as $1.64 Billion in Long Positions Liquidated
Bitcoin fell below $70,000 to $67,770, its lowest since Aug. 19, as a firmer dollar and higher bond yields curbed risk appetite. The Dollar Index topped 103, its highest since April 2025, after inflation data raised expectations of a Fed rate increase. CoinGlass data shows $1.64 billion in liquidations over 24 hours, with longs making up 88.7%, while U.S. spot bitcoin ETFs shed about $1.88 billion this month.
