Bitcoin’s price slipped below the $70,000 level, hitting its lowest point in roughly 15 months as broader selling pressure in cryptocurrency and financial markets intensified. Data from recent trading sessions showed Bitcoin trading around the mid-$60,000 to low-$70,000 range, a significant drop from its peak of over $125,000 in late 2025, and marking the first time the largest cryptocurrency has tested this territory since late 2024.

The decline emerged amid a backdrop of heightened selling pressure, which market participants attributed in part to suspected coordinated large-scale selling by institutional and large holders. According to on-chain data, the drop triggered waves of liquidations, particularly among leveraged long positions, contributing to further price weakness throughout the crypto ecosystem. Some traders highlighted that the retreat below key technical support zones, including the significant $69,000 level, could pave the way for additional downward momentum if buyers do not step in.

Alongside the price fall, market indicators pointed to weakening spot demand, especially in U.S. trading venues, where the traditional premium seen on major exchanges dropped sharply. This suggests that buying interest has diminished compared with previous market cycles, and wider risk-off sentiment spread from equity and tech sectors into cryptocurrency markets. Several analysts also noted the alignment of Bitcoin’s slide with volatility in gold and silver markets, reflecting a broader shift in investor focus toward macroeconomic and risk factors.

The sell-off has not been isolated to Bitcoin alone. Major altcoins, including Ethereum and other digital assets, experienced similar downward shifts as risk assets struggled in tandem with weakening liquidity conditions and broader global financial uncertainty. Traders and analysts are monitoring whether Bitcoin can hold critical support levels, such as the 200-week exponential moving average which may influence the trajectory of the current correction phase and potential stabilization.

Market sentiment remains bearish to neutral, with many participants viewing the move as a significant retracement that has retraced much of the gains seen during the 2024–2025 bull cycle. While some technical observers suggest that further downside cannot be ruled out if key levels fail to hold, others have indicated that the current price dynamics could eventually lead to a consolidation phase if selling pressure abates. Investors and market watchers continue to assess liquidity flows, trading volume, and macroeconomic signals for signs of renewed demand or continued volatility.