NewsSignals AI analysis·CNBC TV18·
Bitcoin below $77,000: What is driving crypto sell-off and what investors should watch
Grade Abearish AI signal$BTC$ETH$SOL$BNB$DOGE
Bitcoin has fallen below $77,000 as institutional ETF withdrawals, leveraged liquidations and uncertainty over US interest rates intensify pressure on the cryptocurrency market.
US spot Bitcoin ETFs recorded $643 million in net outflows on October 30, while approximately $366 million in crypto positions were liquidated over 24 hours, with long positions accounting for nearly 84% of liquidations.
Continued institutional outflows and macroeconomic uncertainty could keep Bitcoin under pressure and increase volatility throughout November, despite Strategy purchasing another 811 BTC worth $65.5 million.
Bullish strength: 20/100
- Strategy resumed Bitcoin accumulation, purchasing 811 BTC worth $65.5 million.
- Institutional activity has not been uniformly negative.
Bearish strength: 80/100
- Bitcoin declined nearly 2% over 24 hours to approximately $76,800.
- US spot Bitcoin ETFs recorded $643 million in net outflows on October 30.
- Approximately $366 million in crypto positions were liquidated over 24 hours.
- Long positions accounted for nearly 84% of liquidations.
- Uncertainty over US interest rates and macroeconomic conditions is weighing on risk appetite.
- Ethereum and other major cryptocurrencies also experienced declines.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.