Bitcoin slides 7.9% to $69,313 as analysts flag capitulation and $55.7k–$58.2k risk

At 14:00 UTC, Bitcoin traded at $69,313, down 7.9% on the day, as commentators described a capitulation phase and a transition from distribution to a multi‑month reset. Analysts highlighted key levels near $70,000, the mid‑$70,000s, and $78,000–$80,000, with downside risk toward $55,700–$58,200 amid thin liquidity and risk‑off flows.