Bitcoin Finds Opportunity as $1.1B in Long Positions Disappear
Summary
Bitcoin fell about 5.2% to roughly $76,100 after a broad risk-market sell-off. Crypto derivatives liquidations reached about $1.27 billion in 24 hours, including more than $1.1 billion in bullish positions, while US spot Bitcoin ETFs saw $430.2 million in net outflows. BTC is trading below its 50-week EMA near $78,400 and testing $75,000 support; a recovery above $80,000 and renewed spot demand would strengthen the outlook. The upcoming US jobs report may also influence risk appetite.
