Bitcoin Buckles Below $69K as Crypto Bulls Endure $175M Liquidations

Bitcoin is showing resilience despite the slip, but the corrective period might continue for a while before a return to growth, one observer noted. Bitcoin and ether dropped 4%, while SOL and DOGE lost 6%-7% in the past 24 hours.

The move lower triggered the largest amount of leveraged long liquidations in a week, CoinGlass data show.

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