$176B Crypto Crash: Bitcoin ETF Outflows And AI Stock Pivot Trigger Bear Run

BTC

BTC/USDT

$79,966.00

+0.44%

$79,966.00

+0.44%

(24s)

24h Volume

$6,378,294,735.24

24h H/L

$80,200.00 / $79,442.00

Change: $758.00 (0.95%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

-0.0004%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$80,032.26

▲ 0.47%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$82,300.00

Price$80,032.26

Support 1$79,635.96

Support 2$76,187.99

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):67.2

Cointelegraph Staff

(09:16 PM UTC)

1 min read

Updated byDavid Kim

Key takeaways:

Bitcoin's sharp 8% drop triggered $1.5 billion in forced liquidations, ending a tight two-month small-cap correlation.
Worsening market sentiment was driven by $2.1 billion in Bitcoin ETF outflows and rising fears of a Federal Reserve interest rate hike.

Bitcoin (BTC) faced a sharp 9% drop over 48 hours, hitting the $67,000 support for the first time in two months. This correction…