Bitcoin slips below $75,000 as CoinGlass warns of $74,400 risk level

Bitcoin (BTC) fell 1.9% over the past 24 hours on Monday, trading near $74,239 and dropping below the $75,000 psychological mark that many investors had been watching. The decline draws increased attention to the $74,400 support level, with traders now assessing whether the market could see a deeper correction. Data from derivatives analytics firm CoinGlass underscored the significance of the $74,400 level, with the company warning via X that a sustained move below this threshold would reinforce a bearish sentiment. With the BTC price currently hovering close to this boundary, market participants are watching for signs of either renewed buying or accelerated selling activity. Failure to hold this level, analysts suggest, could prompt a wave of spot selling.

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