BTC falls to its lowest level since 2026 amid $469M ETF outflows and hawkish macro signals, triggering mass liquidations.
Bitcoin plunged to its 2026 low, with $78.95M liquidated in the past hour and $1.48B over 24 hours. The sell-off follows a seventh consecutive week of US BTC ETF outflows totaling $469M, alongside hot inflation data dimming rate-cut expectations.
Support at $59K, tested earlier this year, is under pressure as whales and leveraged traders exit positions. A stronger dollar, hawkish Bank of Japan policy, and capital shifts into AI stocks further weighed on sentiment.
Liquidations accelerated as key technical levels broke, forcing margin calls across exchanges. The downturn reflects broader macro uncertainty and reduced risk appetite in crypto markets.