Bitcoin traded near $69,000 on Tuesday after an intraday dip that put $68,500 back in focus. Traders tracked liquidation risk as Bitcoin price action stayed rangebound and sensitive to leverage flows. Market participants watched $68,000 as a near-term trigger that could accelerate long liquidations on major exchanges.
Market data showed more than $250 million in crypto liquidations over the prior 24 hours. The wipeout hit both longs and shorts, even though spot moves stayed relatively contained.
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