Bitcoin slid below $75,000 after a sharp 6% daily drop amid rising geopolitical uncertainty tied to Iran–U.S. nuclear talks.

Notable Statistics:

• Coinglass data shows 156,179 traders were liquidated in the past 24 hours for $630.76 million.       
• In the past 24 hours, top losers include Canton, Dash and Optimism.

Notable Developments:

Trader Notes: Heavily followed trader Jacob Canfield says Bitcoin is entering a key liquidity zone with no meaningful bounce so far, signalling elevated downside risk. With liquidity thin and short-term volatility high, leverage trading carries significant slippage risk, making spot accumulation the safer strategy.

The weekly close is critical. A strong bounce and reclaim of the $75,000 level would be constructive, but failure to do so increases the risk of a deeper move toward the 0.618 retracement near $58,000.

Altcoin Sherpa notes that if Bitcoin continues to break down, the ~$67,000 region stands out as a high-conviction buy zone, aligning with the 200-week EMA.

Crypto trader Jelle adds that Bitcoin has now fully broken market structure, including on a wick basis. The lower close confirms the breakdown, leaving bullish momentum largely invalidated. At this stage, the only realistic hope for bulls is a liquidity sweep—otherwise, downside risk remains firmly in control.

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