Bitcoin slid to $76,000 today in a broad-based shakeout driven by five converging forces, none of which involve Michael Saylor selling or a US recession. The most immediate technical trigger was a clean rejection at the $83K–$85K resistance band — a level the market had flagged as critical for weeks.
On the institutional side, BlackRock and other spot Bitcoin ETFs recorded one of their largest single-day outflow sessions on record, draining liquidity precisely when the market needed support. The macro backdrop made things worse: the 10-year US Treasury yield touched its highest point in a year while Japan's 30-year yield hit a record high, pulling capital out of risk assets globally.
Geopolitics piled on. Rising oil prices tied to escalating Iran tensions added a short-term headwind that crypto markets are particularly sensitive to — risk-off flows hit fast and hard. The final blow…
Altcoin Daily