Bitcoin sags near $75k as ETF outflows and liquidations mount
Bitcoin lagged a risk-on stock rebound, trading near $75k after failing at $80k, with heavy ETF outflows and roughly $750M of liquidations in an hour.
What we know
On-chain analytics firm Glassnode said BTC traded near $75k after a failed push above $80k, with the heaviest ETF outflows since early July and elevated demand for protection. A crypto trader flagged nearly $750M liquidated in an hour, with ETH whales flushed. Traders noted Bitcoin was flat while Nasdaq jumped 3%. Another trader cautions that open interest and volume haven't spiked, so a convincing reversal isn't confirmed. A crypto news account reported Strategy raised $283.8M from MSTR sales, bought 1,036 BTC at $79,012, and spent more on STRC buybacks. A market news account says BlackRock expects crypto to move into ETFs over security concerns (unconfirmed).
How the story developed
Bitcoin lagged a risk-on stock rebound, trading near $75k after failing at $80k, with heavy ETF outflows and roughly $750M of liquidations in an hour.
Bitcoin is trading around $75k after failing at $80k, with heavy ETF outflows and cautious positioning, while ZEC longs take losses.
The selloff was amplified by record leveraged-ETF rebalancing, with semis down 26-66% from highs. BTC and gold are 2026's worst major assets.
Record CBOE put volume, gold ETF inflows versus Bitcoin ETF outflows, and a STONK/PONS memecoin unwind point to defensive positioning.
BTC ETFs saw $366M of outflows (-$1.47B over 7 days), but a dormant whale bought $228M and BNY raised its position. BTC is around $76.5K.
BTC swept $76.3K and recovered to ~$78.7K in an orderly -13.5% drawdown. ETFs saw small daily inflows but large weekly outflows.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.