Bitcoin trades near $77,700 as analysts eye $75,000 support after liquidation wave
CoinDesk
Bitcoin hovers around $77,700 as analysts view recent volatility as a leverage flush rather than a major trend reversal.Summary
Bitcoin remains stable near $77,700 following a volatile period of liquidations that wiped out both long and short positions. Analysts suggest the selloff was a leverage flush rather than a structural reversal, identifying the $75,000 to $77,000 range as key support. Market headwinds, including rising U.S. Treasury yields and geopolitical tensions, continue to pressure speculative assets, though a potential de-escalation in Middle East tensions could provide a catalyst for recovery.
(Source：CoinDesk)