Bitcoin dropped into the $76,000 region as spot ETF outflows and weakening sentiment pushed crypto sentiment deeper into fear territory.

Notable Statistics:

Coinglass data shows 124,022 traders were liquidated in the past 24 hours for $816.06 million.       

SoSoValue data shows net outflows of $290.4 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $65.7 million.

In the past 24 hours, top losers include Bitcoin Cash, Flare and Aerodrome Finance.

Notable Developments:

Trader Notes:

Bitcoin technical analyst CryptoCon said Bitcoin’s bear flag formation has now stretched to 100 days, matching the longest-running bear flag structure since November…

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