Bitcoin Slips Below $77.5K as Macro Pressures Mute ETF Inflows
Bitcoin fell below $77,500 as surging oil prices and rising US Treasury yields reignited interest rate fears. Strong spot ETF inflows were unable to counter the macro headwinds, signaling a short-term cooling off across derivatives desks. Traders are now watching key technical support levels to see if the pullback deepens.
Bitcoin took a sharp dip below $77,500 as heavy macro headwinds rippled through global markets. Rising crude oil prices and climbing US Treasury yields reignited fears of persistent interest rate hikes, unsettling risk assets across the board.
The intense macro squeeze completely neutralized institutional spot ETF demand that had previously anchored price action. Shorter-timeframe technical indicators now show buying momentum quickly fading as traders move to de-risk against tighter financial conditions.