Bitcoin’s price slipped again in recent hours, retreating toward $71,000 after losing the weekend momentum that briefly pushed it to around $74,000.
The cryptocurrency fell roughly 3% on the day, reaching an intraday low near $71,300.
The sudden drop triggered substantial forced liquidations across the crypto derivatives market. According to CoinGlass data, total liquidations exceeded $500 million over the past 24 hours, with about $135 million occurring within the last hour. Many traders were positioned for a continuation higher after Bitcoin’s attempt to stabilize near $74,000, and long positions made up the bulk of the liquidations.
Bitcoin ranked among the top assets by liquidation volume, alongside Ethereum, which commonly experiences heavy liquidations during broader market selloffs.
The decline follows several days of fragile price action in which Bitcoin repeatedly failed to reclaim higher resistance levels. With BTC now trading near $71,000, market sentiment appears to be shifting toward a more defensive, bearish stance. A sustained break below this zone could increase selling pressure and spark further volatility.