Bitcoin and Ethereum have fallen below their rising price channels, creating a negative technical signal and reviving expectations of a short-term cryptocurrency-market decline, Jiang Zhuo’er, founder of Lebit Mining Pool, also known as B.TOP, said in a social media post. Jiang said the closure of U.S. ETF markets over the weekend temporarily removed potential institutional buying pressure from spot Bitcoin and Ethereum ETFs, making current conditions unfavorable for long positions and warning that a new downward trend may begin. CoinGlass data indicates that a Bitcoin drop below $76,000 could trigger about $797 million in cumulative long-liquidation intensity across major centralized exchanges, while a rise above $80,000 could create roughly $708 million in short-liquidation intensity. The figures represent the relative importance of liquidation clusters near price levels, not exact values of contracts awaiting liquidation.