$BTC has been sitting around the $70K level all week and has managed to hold it several times, even with market sentiment dropping into extreme fear.
There are also some big events coming up, including a large crypto options expiry and major derivatives settlements in traditional markets. These often bring extra volatility and can affect crypto as well.
Right now, it doesn’t look like traders are strongly positioned in either direction — more like they’re preparing for a bigger move. I’m just watching how price reacts around $70K for now.