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Bitcoin price may drop: investors await the $70,000 level

Bitcoin price may drop: investors await the $70,000 level

Bitcoin (BTC) traders are focusing on lower price levels, as futures and order book data show strong buyer interest in the $68,000 – $70,000 range. Currently, selling pressure in the derivatives market has increased, with the bid-ask ratio dropping to -0.03. This indicates that sellers are more aggressive than buyers and that traders are opening positions around liquidation levels. This is reported by Cointelegraph.com reports .

The Visible Range Volume Profile (VRVP) indicator confirms that the $68,000 – $70,000 area has been the most traded zone since November 2025. High activity in this price range suggests that the majority of positions opened in recent months are concentrated around these levels. Market data shows that sell-side activity is outweighing buying pressure.

The liquidation map reveals additional pressure points. There are over $3.4 billion in long positions around $74,700. If the Bitcoin price drops to $70,000, this figure could reach $11 billion. These data indicate that traders are focusing on deeper liquidity pools rather than chasing prices above $80,000.

According to data from the Hyblock analytical platform, retail Bitcoin traders are again prone to opening long positions en masse, with their share exceeding 60 percent. Historically, such excessive optimism from retail investors has often coincided with short-term price peaks. Therefore, market participants should consider the possibility of a cooling price momentum.

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News » Economy » Bitcoin price may drop: investors await the $70,000 level