Crypto Prices Plunge as Investor Confidence Falters

Bitcoin slipped below $77, 000 after investors pulled money from spot ETFs and market mood turned wary. The drop sent other coins like Ethereum, XRP and Dogecoin down about 4%, reflecting a chain reaction of fears. In the last day, 124, 022 traders were liquidated for a total of $816. 06 million, according to Coinglass data. Spot Bitcoin ETFs saw a net outflow of $290. 4 million on Friday, while spot Ethereum ETFs shed $65. 7 million, as reported by SoSoValue. Top losers over the past 24 hours included Bitcoin Cash, Flare and Aerodrome Finance. Analysts weighed in on the technical picture. CryptoCon noted that Bitcoin’s bear flag pattern has stretched to 100 days, the longest since November 2021.

The price kept bouncing off the upper edge of this pattern, and a break after the second test could trigger a 30% slide toward $50, 000. DonWedge pointed out that Bitcoin’s broader bullish megaphone support line now lines up near the mid‑$50, 000 zone, a key area many models target for a drop. The market is now watching whether buyers will hold the line or let it fall into deeper support levels. Crypto Tony observed that Bitcoin’s first downside target near $76, 100 is already hit, and another target at the lower range remains open as bears continue to dominate short‑term moves. The current scene shows how quickly sentiment can shift in crypto markets, especially when large institutional funds start to exit. Investors must stay alert to both price action and the flow of capital, as both can signal upcoming turning points.

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