@parsam.eth
Bitcoin slides below $71,000—down ~7.5% in 24h to lows near $70,700 amid AI/tech rout spillover, global risk-off, ETF outflows ($272M+ recent), negative funding rates, and leveraged shorts amplifying pressure.
Now ~40-43% off 2025 ATH ($126k), erasing post-election gains. Extreme fear + capitulation vibes, but institutional accumulation possible if $69-70k holds.
Classic bear trap in volatile cycle—watch macro rebound cues.
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