Fear is high and longs got flushed. Is US$70,000 the next line in the sand?

My point of view is straightforward. The recent Bitcoin drop looks like a macro-led repricing with a leverage amplifier, not a Bitcoin-only failure. Bitcoin fell 3.45 per cent to US$71,425.63 in 24 hours and traded near a reported 12-week low. The broader crypto market fell 2.66 per cent to US$2.39 trillion. Bitcoin underperformed the wider […] The post Fear is high and longs got flushed. Is US$70,000 the next line in the sand? appeared first on e27.