Overview
- Bitcoin traded near $76,000–$77,000 on Tuesday after a weekend break below $77,000, with traders focused on whether the $75,000–$76,000 support band holds.
- CoinShares said Monday that crypto investment funds saw $1.07 billion in net outflows last week, led by $982 million from Bitcoin products and $249 million from Ethereum, snapping a six‑week inflow streak.
- Exchanges erased more than $600 million in leveraged long positions in a 24‑hour window, creating forced selling as brokers closed losing bets and pushed prices lower.
- Order‑flow data from CryptoQuant showed billion‑dollar “taker sell” spikes on Binance for both Bitcoin and Ethereum, indicating large, urgent market sell orders hit across assets at the same time.
- Macro tensions added pressure after President Trump warned Iran, lifting oil and Treasury yields, while sentiment slid into “fear” even as XRP and Solana funds drew inflows and Europe logged modest net buys.