Bitcoin fell below on Wednesday $75,000 as heavy spot ETF selling pressure and weak short-term sentiment pushes crypto markets lower.
Notable Statistics:
- Coinglass data shows 77,734 traders were liquidated in the past 24 hours for $285.55 million.
- SoSoValue data shows net outflows of $333.7 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $35 million.
- In the past 24 hours, top gainers include Terra Classic, Humanity and Stellar.
Notable Developments:
Trader Notes:
Technical trader Lennaert Snyder said Bitcoin showed renewed weakness after rejecting the $76,000 level, with the $74,200 range low now acting as the key invalidation point for bulls.
Crypto trader Altcoin Sherpa also warned that Bitcoin’s lower time frame structure still looks weak.
While the analyst said a sharp upside breakout remains possible, current price action resembles a “slow grind down” rather than a strong bullish reversal.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
