As Bitcoin (BTC) fell below $78,000, structural bearish signals are accumulating, analyzed Noga Aban-Nomayo, a reporter for The Block. He pointed to △four consecutive trading days of spot ETF outflows, △large-scale liquidation of long positions in the futures market, and △nine consecutive trading days of negative spot CVD (Cumulative Volume Delta) as major bearish factors. He stated, "Despite the recent large-scale liquidation of long positions in the market, leveraged positions have not been sufficiently unwound. As a result, market instability persists. On the other hand, billions of dollars worth of stablecoin liquidity are waiting outside the market, making it entirely possible for BTC to recover above $80,000 again. It's just that these funds haven't actively entered the market yet."
