Bitcoin Price Dips Below $70,000, Liquidating $500 Million in Open Interest

The Bitcoin (BTC) price has dipped nearly 2% in recent hours, erasing over $500 million in open interest. This move comes as the cryptocurrency market shows little reaction to the latest US macro data releases. Despite the recent price drop, analysts are still bullish on Bitcoin’s long-term prospects, with many believing the current pullback is a healthy correction.