Bitcoin slips below $70,000 as $870 million in bullish bets are liquidated

Bitcoin dropped below $70,000 as roughly $870 million in bullish leveraged positions were liquidated over 24 hours, according to CoinGlass. The selloff came amid uncertainty over interest rates and NVIDIA earnings, with a Microsoft outage adding to the risk-off mood. Traders should watch whether BTC can reclaim the $70,000 level, since forced long liquidations can amplify downside moves.