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Bitcoin (BTCUSD) Tumbles to $76K on Bear Market Signals and Demand Contraction

The Block Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin faces structural bear market conditions as it fails to break above the 200-day moving average near $82,400, mirroring March 2022 dynamics.
  • Demand has contracted sharply with spot ETF net selling and weakening speculative interest, while CryptoQuant's Bull Score Index dropped to extremely bearish levels.
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BTCUSD price history

76150.65 +10.72% over the displayed period

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