Bitcoin Price Slides Below $77,000 as ETF Exodus Tops $1 Billion
Bitcoin Magazine
Bitcoin dropped below $77,000 following record ETF outflows and significant long-position liquidations amid mounting macroeconomic uncertainty.Summary
Bitcoin has fallen to approximately $76,900, down from a recent high of $82,000, amid a four-day losing streak and $648.6 million in single-day spot ETF outflows. The market experienced significant liquidations, totaling $657 million, with the vast majority coming from long positions. Analysts note that the current recovery lacks the robust capital conviction seen in previous cycles, leaving the asset vulnerable to global geopolitical tensions and macroeconomic volatility.
(Source：Bitcoin Magazine)