Bitcoin faces $70,000 risk as investors realize $2 billion in losses and US jobs shock deepens pressure
Summary
Bitcoin holders realized more than $2 billion in losses over three days as the price briefly fell below $75,000. Spot net volume delta turned negative on Binance and Coinbase, indicating aggressive selling, while analysts cited declining demand and contracting stablecoin liquidity as additional weaknesses. Strong US jobs data lifted expectations of a December Fed rate hike and pushed Treasury yields higher, adding pressure to risk assets. Analysts identified $75,000–$76,500 as near-term support; a sustained break could expose Bitcoin to a move toward $70,000.
