Markets are digesting a sharp recent spike, with Bitcoin price hovering near key psychological levels while traders reassess risk and positioning. Bitcoin price is hovering around $70,000 after an 8% upside burst above $73,000 and a subsequent pullback. The broader crypto market cap is down about 3.4% over 24 hours, BTC dominance is high at ~57%, and sentiment has flipped to Extreme Fear (18) even though price is still near the highs.