Bitcoin Slides to $72K After Order Book Skew Signals Fifth Major Pullback

Bitcoin’s price has dropped to $72,000 after experiencing a fifth major pullback attributed to an order book skew that suggests aggressive selling and the subsequent buying pressure from passive investors. 1 Published: Feb 27, 2025 At 05:13 AM Updated: Feb 27, 2025 At 12:49 AM Posted by By Yusuf Islam Follow us Follow us on Google News Discover the latest trends in the crypto market Bitcoin slipped from $78K to $72K after a fifth occurrence of an order book skew in five years. Aggressive sellers pushed prices down while large buyers absorbed pressure near $72K, if support at $68K breaks, next target could be $62.5K with resistance forming near $75K Bitcoin’s recent rally faced a major hurdle as the price dipped from its peak after reaching a level referred to as “dangerous levels” by analysts.