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

BTC

BTC/USDT

$63,008.57

-0.07%

$63,008.57

-0.07%

(24s)

24h Volume

$2,192,733,522.74

24h H/L

$63,175.00 / $62,946.58

Change: $228.42 (0.36%)

Long/Short

68.0%

Long: 68.0%Short: 32.0%

Funding Rate

+0.0019%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,013.62

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$64,901.59

Resistance 2$63,880.33

Resistance 1$63,135.87

Price$63,013.62

Support 1$62,882.63

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):42.7

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…