During a live market rundown, a daily crypto-focused host warned that Bitcoin’s slide below $80,000 and heavy ETF outflows are stripping away key support and pushing the market toward what could become a deeper correction.
Market connoisseur Wendy O framed the past 24 hours as “absolutely brutal,” with cascading liquidations, stressed altcoins, and even precious metals showing unusual volatility.
Liquidations & a Possible Test Of The 200-Week EMA
The host pegged Bitcoin around $77,000 during the stream and highlighted a downside target near $68,000, tied to the 200-week exponential moving average. A decisive break below that level, she said, would mark the point where “things are going to get really, really, really nasty” echoing conditions last seen during the 2022–2023 bear market when BTC traded under the 200-week EMA for an extended stretch.
Leveraged traders were hit hard. Roughly $1.5–$1.6 billion in crypto positions were liquidated over 24 hours, making it one of the worst liquidation events in the industry’s history. Most of the damage came from over-leveraged longs, particularly in Ethereum. The host noted that some traders had positioned for an ETH move higher, only to be wiped out as the market reversed.
Spot Bitcoin ETFs, once seen as a stabilizing force, are now a source of concern. The commentator cited figures showing around $1.6 billion in net withdrawals this month and roughly $6 billion leaving U.S.-listed spot products over the past three months. Since early 2026, the ETFs have reportedly seen an exodus of about 4,500–4,600 BTC, compared with tens of thousands flowing in over the same period a year earlier.
Altcoin Pain Meets MicroStrategy Risk & E-File Fallout
Altcoins are faring worse. The host said “altcoins are suffering, they’re struggling, they’re going down” while pointing to Ethereum’s fall toward key support near $2,200 and the possibility of a move to $1,500. They also mentioned Solana weakness and noted that XRP had recently tagged a higher target level that some analysts had been watching.
MicroStrategy’s aggressive Bitcoin strategy was flagged as a risk point.
The company’s heavy use of debt to accumulate BTC has long been debated, and the host suggested that if its position were ever forced or “knocked out” the knock-on effects for Bitcoin and related derivatives could be severe. While they did not predict such an outcome, they framed MicroStrategy as “in a little bit of hot water” if prices slide far enough.
Beyond price action, Wendy O addressed newly surfaced “E-files” that mention names from the crypto sector, including figures connected to Ripple and Stellar (XLM).
One cited email from 2014, involving early industry investors, described Ripple and Stellar as “bad for the ecosystem” and raised concerns about backing “two horses in the same race.” The commentator stressed that, in the material they reviewed, there were no explicit allegations of criminal behavior against those crypto teams—only competitive and funding-related tensions.
She repeatedly urged viewers to be cautious about unverified claims circulating on social media, especially in an era of AI-generated forgeries, and to distinguish between reputational damage by association and documented wrong-doing.
Why This Matters
The host argued that the combination of ETF outflows, heavy liquidations, and macro stress effectively places crypto in a new bear phase, even if the broader cycle structure remains intact.
She expects Bitcoin to consolidate roughly between $74,000 and $80,000 in the short term, with a meaningful risk of a test near $68,000 and, for some analysts, even the $55,000 region.
For strategy, the commentator pushed dollar-cost averaging over short-term trading, warning that “most people think we get into Bitcoin and crypto, we’re going to be expert traders… that’s not how it works.” They framed current conditions as an entry window for long-term investors who understand volatility, while cautioning against panic trades or chasing leverage during a period of heightened uncertainty and ongoing regulatory and political noise.
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