Bitcoin price recovery faces pressure after dropping nearly $5,000 from a recent high near $82,000 to around $76,900, with a four-day losing streak. The broader crypto market cap has fallen by more than $100 billion to about $2.65 trillion. Liquidations totaled about $657 million in 24 hours, with roughly $584 million from long positions. U.S. spot Bitcoin ETFs recorded $648.6 million in net outflows on Monday, the largest single-day negative since January 29, led by BlackRock’s IBIT. Last week’s outflows totaled about $1 billion, bringing cumulative outflows since May 16 to just under $1 billion. Analysts note the rebound lacks capital support seen in prior bull phases and emphasize net capital inflows measured by Realised Cap 30-Day Net Position Change.
"Bitcoin price's recovery narrative is under pressure. The world's largest cryptocurrency has shed nearly $5,000 from its recent high of $82,000, dropping to around $76,900 as of this morning - a four-day losing streak driven by a powerful convergence of macro headwinds, accelerating institutional outflows, and on-chain metrics that reveal a recovery without the capital conviction of prior bull cycles."
"Liquidations have been severe. Total crypto liquidations reached near $657 million in a single 24-hour window on Monday, with $584 million - roughly 89% - coming from long positions, according to Glassnode data and Bitcoin Magazine Pro data."
"On top of this, U.S. spot Bitcoin ETFs logged $648.6 million in net outflows on Monday alone - their largest single-day net negative since January 29. BlackRock's IBIT led the exodus with $448.3 million in outflows, followed by Ark & 21Shares' ARKB at $109.6 million and Fidelity's FBTC at $63.4 million."
"Overall, Bitcoin price's recent rebound has been met with caution from analysts who say the rally still lacks the kind of capital support seen in stronger phases of the last bull cycle. As market sentiment transitions from acute fear toward persistent uncertainty, the validity of the current recovery hinges on objective measures of net capital inflows. The Realised Cap 30-Day Net Position Change, which quantifies the monthly fluctuation in on-chain capital, serves as the primary barometer for this structural su"
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