• Bitcoin fell under $80,000 on Monday, dropping as little as $75,644 because it broke underneath its 21-week shifting common—a key technical stage that usually alerts a bear market.
  • Over $2.5 billion in liquidations hammered the market over the weekend, making it the Tenth-largest wipeout in historical past as Bitcoin fell 17% from its $90,000 January highs.
  • $1.82 billion exited spot ETFs in simply 5 days, marking an enormous sentiment shift from mid-January when the market noticed record-breaking inflows.

Bitcoin (BTC) held under US$80,000 (AU$122,400) on Monday after a greater than 6% slide the day before today, with knowledge from ETFs, derivatives, and on-chain metrics pointing to a transfer pushed by leverage and thinning liquidity.

On the weekly chart, BTC has misplaced the 21-week exponential shifting common, a stage whose breakdown preceded earlier bear markets. 

BTC/USD. Supply: TradingView.

Analyst Rekt Capital famous that BTC has already fallen about 17% from roughly US$90,000 (AU$137,700) to US$78,000 (AU$119,340) for the reason that newest bull-market EMA crossover:

To this point, historical past is repeating, with draw back occurring after the Bull Market EMA crossover. Bitcoin has dropped -17% from $90,000 to $78,000 for the reason that crossover happened. Historical past means that extra draw back continuation over time lays forward.

Rekt Capital

To make issues worse, CryptoBullet pointed to Bitcoin’s drop under the 21-week exponential shifting common, a breakdown that preceded earlier bear markets.

on-chain knowledge, CryptoQuant knowledge shows spot buying and selling under the realised worth for holders who final moved cash 12–18 months in the past, which means this cohort is now underwater.

Associated: SEC Chair Walks Back Timeline on Sweeping Crypto Exemptions After Wall Street Pushback

Liquidity Squeeze And Compelled Promoting

Unsurprisingly, US-listed spot Bitcoin and Ether ETFs noticed regular outflows, as traders withdrew about US$1.82 billion (AU$2.78 billion) from spot crypto ETFs over 5 buying and selling days, together with roughly US$1.49 billion (AU$2.28 billion) from Bitcoin merchandise and US$327 million (AU$500 million) from Ether funds. 

The redemptions reversed a quick spike in demand in mid-January, when Bitcoin rose round 7% in two days and spot Bitcoin ETFs booked their largest single-day influx of 2026 at US$840.6 million (AU$1.29 billion), alongside a leap within the Crypto Worry & Greed Index.

Analysts are pointed to 3 fast liquidation waves totaling about US$1.3 billion (AU$1.99 billion) inside 12 hours, however broader knowledge from CoinGlass confirmed whole liquidations briefly topping US$2.5 billion (AU$3.83 billion), making the transfer the Tenth-largest daily wipeout on document and nonetheless properly under the October 10 crash, when greater than US$19 billion (AU$29.1 billion) was erased in 24 hours.

With BTC/USD buying and selling underneath the “true market imply” at US$80,700 (AU$123,471), merchants are watching decrease zones. One broadly adopted liquidity map flags US$74,400 (AU$113,832) and US$49,180 (AU$75,245) as key draw back targets for the present bear part.

Learn extra: Why 75% of APAC Investors Still Avoid Crypto: New Data Upends Adoption Myths

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