Bitcoin
Why Bitcoin is down 1.2% in the last hour
Analysis
Bitcoin slipped 1.2% over the past hour as a risk-off macro move and forced selling weighed on crypto, with Decrypt reporting BTC fell under $77K alongside a bond sell-off and liquidations topping $672M. Additional pressure came from supply/flow dynamics: CryptoPotato noted data suggesting a recovery is unlikely until “toxic supply” is absorbed, which can cap near-term upside.
Contributing Factors (3)
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Bitcoin Slides Under $77K as Crypto Liquidations Top $672M Amid Bond Sell-Off
Analysts flagged that geopolitical shocks no longer "hit crypto directly" thanks to institutional transmission via ETF flows.
Bitcoin (BTC) Recovery Unlikely Until Toxic Supply Is Absorbed: Data
Bitcoin's brutal sell-off may continue as panic spreads from long-term holders to short-term traders across markets.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.