Just checked the charts and Bitcoin's holding around $73.97K after that recent shake-up. The dip was pretty brutal yesterday with nearly $8.7B in liquidations, but it looks like inflation cooling is giving BTC some breathing room. Kind of interesting timing with macro data coming in softer than expected.

So the real question everyone's asking now is how far will Bitcoin actually drop from here? Some traders are eyeing support levels lower, but the fact that we're holding above $70K suggests there's decent demand at these prices. The 24-hour movement is only down 0.50% which isn't terrible considering the volatility we've seen.

I'm watching to see if this becomes a real capitulation or just another shake-out before the next leg up. If inflation keeps cooling, that's actually bullish for risk assets long-term. But yeah, definitely some nervous energy in the market right now about how much lower we could go.