Bitcoin Falls Below $76K After $209M Long Liquidations
Bitcoin fell to $75,120, down 2.8%, after about $209 million in long liquidations and $36.29 million in spot ETF outflows, extending weekly losses to roughly 5%.
Bitcoin fell to $75,120 on Friday evening, May 22, down 2.8% for the day and roughly 5% for the week. Trading volume for the session was about $31.49 billion and the cryptocurrency’s market capitalization was near $1.5 trillion.
Market data showed roughly $209 million in long position liquidations over the prior 24 hours, while short positions accounted for about $4.7 million in losses. Total crypto liquidations on the day measured about $577.9 million. Separately, spot bitcoin exchange-traded funds recorded about $36.29 million in outflows during Friday trading.
Price action moved below the $76,000 range after bitcoin lost support at $77,000. Market structure showed repeated failed breakouts above the $76,000–$77,000 band. Technical indicators signaled downward pressure: 13 moving-average readings pointed to downside versus one supportive reading, the MACD registered about -262, and a momentum oscillator registered a strongly negative value near -4,072.
Market participants pointed to geopolitical tensions in the Middle East and public warnings to Iran from President Donald Trump as factors affecting risk appetite. Expectations that new leadership at the Federal Reserve could lean toward tighter policy were also cited as part of the backdrop. U.S. equity markets closed the session at record highs while bitcoin weakened.
Observers noted persistent negative funding rates and ongoing deleveraging in futures markets during the session. The combination of ETF outflows, elevated liquidations and weak intraday technicals coincided with traders reducing exposure and trimming leveraged positions into the weekend.
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