BTC Update: Still Stuck, Outflows Keep Pressure On 📉🐻
Current Price & Range 📍
➡️ BTC is trading around $76,700, down 0.67% in the last 24h.
➡️ It’s still stuck below the $77K–$78K resistance zone 🚧. Support is holding near $76,500 🛡️
ETF Flows Still Negative 💸
➡️ Spot Bitcoin ETFs saw $648M in net outflows Monday, the biggest single-day exit since Jan 📊.
➡️ BlackRock’s IBIT alone lost $448M 🔴.
➡️ Total outflows hit ∼$1B last week, ending a 6-week inflow streak ⛓️
What’s Driving It ⚡
➡️ Geopolitical risk 🌍: Iran’s threats + Trump weighing strikes spooked risk assets.
➡️ Rising yields 📈: 10Y Treasury at 4.67%, 30Y at 5.20%. Higher yields make non-yielding BTC less attractive.
➡️ Leverage unwind ⚠️: Open interest rose while spot volume stayed weak, meaning the drop was leverage-driven.
Key Levels to Watch 🎯
➡️ Breakout 🚀: A reclaim of $77K–$78K on volume would shift sentiment to neutral.
➡️ Breakdown 📉: Lose $75,800 support and BTC could test $75.3K lower Keltner band, with $70K as next major support.
Bottom Line 🎯
➡️ No breakout yet. BTC is consolidating while ETF outflows and macro risk keep buyers on the sidelines 😐.
➡️ Until flows flip positive or $78K breaks, it’s chop with downside bias.
