Crypto Prices Plunge as Investor Confidence Falters
# **Bitcoin Plunges Below $77,000 as Market Sentiment Turns Bearish**
## **Market Turmoil: Liquidations Skyrocket as Bitcoin Drops**
Bitcoin’s price collapsed below **$77,000** after investors pulled funds from spot ETFs, triggering a wave of caution across the crypto market. The decline sent major altcoins—including **Ethereum, XRP, and Dogecoin**—down roughly **4%**, as fear spread through the ecosystem.
In just **24 hours**, **124,022 traders** faced liquidations totaling **$816.06 million**, according to **Coinglass** data, signaling a sharp shift in market dynamics.
### **ETF Outflows Deepen the Squeeze**
Spot Bitcoin ETFs experienced **$290.4 million in net outflows** on Friday, while **Ethereum ETFs shed $65.7 million**, as tracked by **SoSoValue**. The exodus of institutional capital has intensified selling pressure, raising questions about sustained demand.
## **Top Tokens Under Pressure**
Leading decliners over the past day include:
- **Bitcoin Cash**
- **Flare**
- **Aerodrome Finance**
Technical Analysts Warn of Further Pain
CryptoCon highlighted a 100-day "bear flag" pattern in Bitcoin’s chart—the longest since November 2021. With price repeatedly bouncing off the upper trendline, a breakdown after the second retest could accelerate a 30% drop to $50,000.
DonWedge drew attention to the bullish megaphone support now converging near the mid-$50,000 range, a critical level where multiple models anticipate further declines. The question remains: Will buyers defend this line, or will Bitcoin break lower?
Crypto Tony noted that Bitcoin’s first downside target at $76,100 has already been hit, leaving the next support level vulnerable as bears assert control in the short term.
A Market at a Crossroads
The sudden downturn underscores the fragility of crypto sentiment, especially when large institutional funds retreat. Investors must monitor price action and capital flows, as both often precede major market shifts.
The stage is set—will Bitcoin stabilize, or will the selling pressure deepen? The answer may lie in the coming days.
