Bitcoin $BTC fell below $71k keep accelerates selling pressure as Liquidity tightens
Bitcoin extended its recent decline during Asian trading hours, sliding below the $71,000 level as selling pressure in global technology stocks spilled into crypto markets. The move dampened hopes for a sustained rebound after last week’s volatility and reinforced Bitcoin’s growing sensitivity to broader macro trends.
On-chain data signals fading participation
Market weakness is increasingly being framed as structural rather than purely sentiment-driven. CryptoQuant’s latest report shows its Bull Score Index at zero, suggesting Bitcoin is operating with a thinner buyer base and tightening liquidity. Glassnode data similarly points to weak spot volumes and a demand vacuum, with selling pressure not being met by sustained buying.
NOTE THIS : Bitcoin is heading to 65k
