BTC falls near $75,500 despite record global equities, with traders eyeing a potential technical breakout signal amid $1.74 billion ETF outflows.
Bitcoin slipped to $75,498 in Asian trading, diverging from record-high global equities as U.S. spot bitcoin ETFs recorded $1.74 billion in outflows. The decline widened losses across major cryptocurrencies, with Zcash (ZEC) leading declines, down 9% to $564.
Traders are monitoring an impending golden cross on bitcoin’s price chart, a bullish signal formed when the 50-day moving average crosses above the 200-day. Ether’s resistance near $2,400 is also in focus, with both levels seen as key indicators for crypto’s short-term direction.
Retail leverage has increased, raising liquidation risks despite new SEC-approved bitcoin index options targeting institutional investors. Hyperliquid (HYPE) was a rare gainer, up 1.4% to $59.99, while Tron (TRX) posted steady gains over the past week.