Bitcoin slips under $70,000; CryptoQuant shows weaker activity as $69,423 support nears

Bitcoin fell back below $70,000 and printed an intraday low of $69,914.54 after trading above $71,000 earlier in the week following talk of a truce proposal to Iran by US President Donald Trump. On-chain indicators cited by CryptoQuant show cooling usage—fewer active addresses and transactions—while key levels highlighted include support at $69,423 and resistance around $71,645.