Bitcoin

Key insight

$80,000 lost as support — price now trading beneath the 200-day MA, exposing the $75,000 Fibonacci 61.8% retracement. Reclaim of $80K needed to neutralise near-term selling pressure.

Drops 1.67% to $77,772 — below the key $80,000 round number and 200-day MA, with ETH down 2.7% confirming broad crypto weakness against a risk-off equity backdrop.

Main risk

Spot ETF outflow acceleration

Sustained ETF net outflows would drain spot bid support; a single large daily redemption print below $75,000 could trigger cascade liquidations.