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The broader crypto market lost over $900 billion in value in three weeks, led by a deep Bitcoin sell-off and amplified by ETF outflows and liquidations.
Institutional demand for Bitcoin has faded, with continued macroeconomic uncertainty—such as delayed US rate cuts—driving volatility and negative investor sentiment.
Technically, Bitcoin trades well below its MA-20, MA-50, and MA-200 levels, with prevailing bearish momentum and resistance at $80,226.64, suggesting further downside risk.

#Bitcoin (BTC) is trading at $70,551.11 and remains notably below its MA-20 ($84,897.65), MA-50 ($88,084.78), and MA-200 ($103,047.29), reflecting ongoing downward pressure across all major timeframes. The current move demonstrates high intraday volatility with a strong daily rebound, although major trend signals remain bearish.
$BTC

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