Bitcoin holds near $77,000 as ETF outflows weigh on sentiment

  • Bitcoin holds near $77,000 as spot ETF outflows pressure market sentiment.
  • SoSoValue recorded $236.5 million in net Bitcoin ETF outflows Tuesday.
  • Coinglass reported 89,097 liquidations totaling $338.25 million over 24 hours.

Bitcoin traded at $77,370 as spot Bitcoin ETF outflows continued to weigh on sentiment, with traders awaiting clearer macroeconomic signals and regulatory developments. SoSoValue recorded $236.5 million in net outflows from spot Bitcoin ETFs on Tuesday, while spot Ethereum ETFs attracted $10.95 million. Coinglass data showed 89,097 traders were liquidated (had leveraged positions forcibly closed) for $338.25 million over the past 24 hours. Ethereum traded at $2,393, Solana at $98.41, XRP at $1.33, Dogecoin at $0.08098 and Shiba Inu at $0.055166. Bitway, Filecoin and Arbitrum were among the top gainers over the same period. Traders offered differing technical views: Daan Crypto Trades identified $79,200 as an unusually low and early monthly high that could be swept, potentially creating a reversal opportunity, while retaining $80,000 as the key level for higher-time-frame continuation. CryptosBatman said Bitcoin had liquidity on both sides, with $78,000 the stronger near-term target before its next major move. BitcoinOG Lucky said a current reset could precede another expansion, particularly if a Golden Cross (bullish moving-average crossover) forms alongside stronger momentum, and identified $100,000 as a key Q4 target if bullish momentum returns. Other developments highlighted included Bitwise commentary that Bitcoin is not exactly gold but that this is advantageous, XRP's 20% pullback and $2 support question, the CLARITY Act's make-or-break September, Strategy CEO's description of a 7,000 Bitcoin sale as minuscule, institutional changes linked to Bitcoin ETFs, and Hyperliquid Strategies' expansion of its equity facility to $2.5 billion amid talks about entering the United States.

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