Bitcoin fell to about $77,000 after August U.S. producer-price inflation exceeded expectations, prompting more than $190 million in long-position liquidations within an hour. Headline PPI rose 5.4% year-on-year, above a 5.3% estimate, while core PPI increased 4.6%, its highest reading since June 2026; July figures were also revised upward. The inflation data added pressure to risk assets as the 10-year Treasury yield moved above 4.90%, even after the U.S. Treasury said it would triple long-term bond buybacks to $6 billion. Bitcoin broke below an ascending channel from its late-August $64,000 rally and tested $76,000-$76,500 support. Spot Bitcoin ETFs recorded $166.89 million of outflows through Wednesday, interrupting three prior weeks of net inflows totaling $986.85 million, $924.48 million and $1.92 billion, according to SoSoValue.