At the time of writing, only $220 million in leveraged positions had been liquidated in the past 24 hours, with long bets accounting for roughly two-thirds of that total. For context, this is a sharp decline from earlier in the month, when the market saw liquidations exceeding $1 billion for two consecutive days.
Geopolitics and Traditional Markets FAQ Why is Bitcoin stuck near $70K? The price is consolidating after February’s sharp volatility and leverage flush‑out. What global factors are weighing on crypto? U.S.–Iran tensions and stronger dollar flows are pushing investors toward gold and Treasuries. How are U.S. markets linked to bitcoin?Bitcoin’s choppy moves are mirroring Nasdaq and S&P 500 swings, showing tight correlation. What data could move prices next? Upcoming U.S. Non‑Farm Payrolls and CPI reports may set the next trend for Bitcoin and the dollar.Deleveraging Phase: Bitcoin Stabilizes at $70K After February’s Volatility Flush
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