Bitcoin Price Today: Hits $70K, $2.56B Liquidated, Lows Since ’24

Bitcoin Price Today continues to struggle, trading around $70,000–$71,000 after recent volatility pushed it to multimonth lows not seen since late 2024. Traders have faced significant pressure from forced exits as leveraged positions unwind, with over $2.5 billion in BTC liquidations reported during the latest downturn — one of the largest liquidation episodes in recent crypto history.

The sharp drop below key technical levels, including the 365‑day moving average, has added to bearish sentiment. According to on‑chain analytics firm CryptoQuant, since Bitcoin fell below this long‑term trend line on Nov 12, 2025, the price has declined 23% in just 83 days, compared with only a 6% drop over the same period in the early 2022 bear cycle, signaling that momentum is deteriorating faster this cycle.

Market breadth indicators such as stablecoin liquidity and ETF flows are also weakening. CryptoQuant notes that U.S. spot Bitcoin ETFs have flipped from net buyers to net sellers in 2026, with demand growth collapsing, further pressuring price action.

Analyst Views & CryptoQuant On‑Chain Signals

CryptoQuant’s Bull Score Index, a composite of market liquidity, volatility, and demand signals, has flipped bearish, suggesting structural downside risk. Some analysts now see key support between $70,000 and $60,000 if current trends persist.

An industry analyst commented that declining institutional demand, weakening derivatives markets, and subdued retail participation point to an extended period of caution for Bitcoin. Broader macroeconomic fears and risk‑off sentiment in traditional markets have also weighed on BTC’s price trajectory.

On the on‑chain front, Bitcoin holders have recently entered a net realized loss phase, with realized profits dropping to levels last seen near the March 2024 bottom, suggesting profit‑taking has dried up and conviction is waning.

With indicators showing demand exhaustion and price structure weakening faster than past cycles, traders remain cautious — watching key support zones and potential catalysts that could stabilize Bitcoin Price Today.