Bitcoin Price Slides Below $77,000, ETF Sales Top $1 Billion
Bitcoin price‘s recovery narrative is under pressure. The world’s largest cryptocurrency has shed nearly $5,000 from its recent high of $82,000, dropping to around $76,900 as of this morning — a four-day losing streak driven by a powerful convergence of macro headwinds, accelerating institutional outflows, and on-chain metrics that reveal a recovery without the capital conviction of prior bull cycles. Bitcoin price opened Monday at roughly $77,500 before slipping further throughout the session. The total crypto market cap has shed over $100 billion in valuation since last Friday, falling to approximately $2.65 trillion. Liquidations have been severe. Total crypto liquidations reached near $657 million in a single 24-hour window on Monday, with $584 million — roughly 89% — coming from long positions, according to data and data. On top of this, U.S. spot Bitcoin ETFs logged $648.6 million in net outflows on Monday alone — their largest single-day net negative since January 29. BlackRock‘s IBIT led the exodus with $448.3 million in outflows, followed by Ark & 21Shares’ ARKB at $109.6 million and Fidelitys FBTC at $63.4 million. Combined with last weeks total net outflows of $1 billion — which snapped a six-week positive streak — cumulative outflows since May 16 now sit just