Bitcoin Falls Below $77,000 as Spot ETF Outflows Top $1 Billion
Bitcoin dropped below $77,000 on Monday, down roughly 6% from a recent high near $82,000, as U.S. spot ETFs logged their largest daily net outflow since January. Sources differ on the exact decline, and analysts warn the selloff could extend if institutional flows do not stabilize.
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Price Decline and Liquidations
Bitcoin fell to about $76,800 to $76,900 on Monday, according to CoinDesk and Bitcoin Magazine, after opening the session near $77,500. CoinDesk puts the drop at roughly 6% from $82,000, while Bitcoin Magazine describes a decline of just over 5% from the same level, a difference that reflects how the two outlets measured the high and the timing of their snapshots. Both describe a four-day losing streak.
Total crypto liquidations reached about $657 million in a 24-hour window, with $584 million, roughly 89%, coming from long positions, according to Glassnode and Bitcoin Magazine Pro data. Total crypto market capitalization has fallen by more than $100 billion since the prior Friday, to about $2.65 trillion.
Institutional Outflows
U.S. spot Bitcoin ETFs recorded $648.6 million in net outflows on Monday, their largest single-day net negative since January 29. BlackRock's IBIT led with $448.3 million in outflows, followed by Ark & 21Shares' ARKB at $109.6 million and Fidelity's FBTC at $63.4 million.
The Monday figures come on top of $1 billion in net outflows last week, which ended a six-week run of net inflows. Cumulative outflows since May 16 now sit just under $1 billion. CoinDesk frames the flows as evidence that the drop is more than a routine pullback, and says derivatives data suggest the selloff could worsen.
On-Chain Support and Analyst Views
The Realised Cap 30-Day Net Position Change, a measure of monthly net capital flowing into bitcoin on-chain, reached $2.8 billion during the rally to $82,000. Bitfinex analysts told Bitcoin Magazine that this figure remains well below the levels seen in stronger phases of the last bull cycle, and argued the recovery lacks the institutional capital needed to withstand a higher-for-longer rate environment.
Macro Backdrop
Bitcoin Magazine links the sell-off to geopolitical tension. Iran has warned it will respond decisively to any attack by the United States, while President Donald Trump has said planned military action was delayed during negotiations encouraged by Gulf states. The broader conflict, including Israeli strikes and Hezbollah attacks in Lebanon and a worsening humanitarian situation in Gaza, has raised concern about possible disruption to shipping through the Strait of Hormuz and a resulting food crisis. Neither source ties the price move directly to these events; the link is presented as part of the risk environment.
Why It Matters
For Traders
Heavy long liquidations and continued ETF outflows point to near-term downside pressure, and price levels just below $77,000 are where the next move will be watched closely.
For Investors
Sustained ETF outflows after a six-week inflow streak suggest institutional demand is being tested, which matters more for multi-month positioning than a single day's move.
For Builders
Sharp liquidation volume and ETF-driven selling underline how much bitcoin price action now depends on regulated fund flows, a factor to weigh in any product built around spot exposure.
This article is for information only and is not financial advice. Read the full disclaimer.
