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Bitcoin plunges below $76,000 as $250M in positions liquidated

Grade Abearish AI signal$BTC$NDX
Bitcoin plunged below $76,000 for the first time since mid-September as leveraged liquidations accelerated the selloff, wiping out hundreds of millions of dollars in crypto positions. Approximately $366 million in crypto positions were liquidated, with 70% being longs, while US spot Bitcoin ETFs recorded $398.6 million in net outflows and Nasdaq fell 1.1%. Continued institutional ETF outflows and Bitcoin's loss of the $77,000-$77,500 support zone could intensify bearish pressure and leave the cryptocurrency vulnerable to further downside.

Bullish strength: 20/100

  • Heavy long liquidations could reduce excessive bullish leverage and the risk of another liquidation cascade.
  • The selloff may reflect position deleveraging rather than a deeper structural breakdown.

Bearish strength: 80/100

  • Bitcoin broke below $76,000 for the first time since mid-September.
  • Approximately $366 million in crypto positions were liquidated, with roughly 70% being longs.
  • US spot Bitcoin ETFs recorded $398.6 million in net outflows.
  • BlackRock's IBIT recorded $405.3 million in withdrawals.
  • Bitcoin lost the $77,000-$77,500 support zone, which has now become resistance.
  • Nasdaq fell 1.1%, adding broader pressure to digital assets.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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