Bitcoin $BTC has slipped below the $77,000 USDT mark on Binance, trading near $76,995 after dropping around 5.2% in the last 24 hours. This move comes after a broader pullback over recent sessions, where BTC struggled to hold the $78,000 level before sellers gained control. Market analysts point to reduced liquidity, profit-taking by early investors, and limited fresh buying demand as key reasons behind the decline. While some traders believe the $75,000–$80,000 range could mark the final major correction of this cycle, others argue that the momentum driven by large institutional buyers, including MicroStrategy, is starting to fade.
$ETH has suffered even heavier losses, falling below $2,300 USDT with a sharp 9.7% drop over the same period. A large single liquidation on platforms such as Hyperliquid played a major role in accelerating the downturn. Overall, the crypto market recorded more than $2.5 billion in liquidations within 24 hours, highlighting the intensity of the sell-off and the risks of high leverage in volatile conditions.
