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

BTC

BTC/USDT

$84,050.01

-0.19%

$84,050.01

-0.19%

(24s)

24h Volume

$15,181,674,505.54

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.3%

Long: 58.3%Short: 41.7%

Funding Rate

+0.0005%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,007.02

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$84,007.02

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):63.9

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…