Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Thursday, October 1
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Bitcoin»Bitcoin faces downside risk as leverage builds near $76K support
    Bitcoin

    Bitcoin faces downside risk as leverage builds near $76K support

    May 21, 20264 Mins Read


    Bitcoin has remained under pressure below $78,000 after four straight days of ETF outflows, and a derivatives flush earlier this week which has continued to weigh on market sentiment.

    According to SoSoValue data, US spot Bitcoin ETFs recorded another $70.5 million in net outflows on May 20, extending a selling streak that has now lasted four consecutive sessions.

    Ethereum-linked funds have faced even steeper pressure. 

    Spot Ethereum ETFs lost $28.1 million on the same day, pushing cumulative outflows since May 7 to roughly $504 million across nine sessions.

    A market note from Nexo said Ethereum ETF products have averaged nearly $56 million in daily outflows during that period, making it the strongest sustained reversal in ETH fund demand since February’s heavy withdrawal cycle. 

    Data cited by the firm also showed that the past five trading sessions alone averaged around $51 million in daily net selling.

    Early-week liquidations have continued to influence positioning across derivatives markets.

    According to Bitfinex analysts, crypto futures markets saw at least $657 million in liquidations on Monday, with long positions accounting for roughly $584 million of that total. 

    Since then, aggregate open interest has stabilised between $36.6 billion and $37.8 billion after falling nearly 14% from its May 6 peak. 

    Funding rates, however, have remained slightly positive, indicating leveraged traders are still paying to maintain long exposure despite weakening prices.

    Meanwhile, on-chain data from Glassnode suggest that spot demand for Bitcoin has also weakened.

    In its latest weekly report, the analytics firm said that Bitcoin’s current market structure increasingly depends on either renewed spot accumulation or another derivatives reset to establish a clearer direction. 

    Data referenced in the report showed aggregate spot cumulative volume delta, commonly known as CVD, remained negative for nine straight sessions through May 19, adding that it was the longest streak of sustained net spot selling recorded so far in 2026.

    At the same time, Nexo noted that Bitcoin hourly spot trading volumes are running about 40% lower than the same period in 2025. 

    On Coinbase, Glassnode said spot activity continues to lag behind Binance volumes, a pattern the analytics firm associated with softer institutional conviction among US-based buyers near current Bitcoin price levels.

    Pressure on Bitcoin still appears tilted to the downside in the short term, although the market is beginning to approach areas where liquidity could trigger a sharp reaction move.

    On the daily chart, Bitcoin continues trading below the psychologically important $78,000 level after failing several times to build momentum above the $80,000 region. 

    BTC/USD 1-D price chart.
    BTC/USD 1-D price chart. Source: TradingView.

    Price structure has weakened since the February breakdown, with lower highs continuing to form beneath the broader downtrend that started after the move above $120,000 late last year.

    Volume conditions also remain soft.

    Trading activity on the daily chart has gradually faded during the recent consolidation phase, which lines up with Glassnode and Nexo data showing weaker spot participation and declining ETF demand. 

    Without stronger spot buying, Bitcoin has struggled to reclaim higher resistance zones in a convincing manner.

    Meanwhile, the cumulative volume delta indicator remains relatively flat after extended periods of negative readings. 

    That setup usually points to passive buyers absorbing sell pressure rather than aggressive accumulation stepping in decisively. 

    CMF, or Chaikin Money Flow, is hovering just above neutral territory near 0.01, suggesting capital inflows have not fully disappeared, but buying pressure is still too weak to confirm a sustained recovery trend.

    The liquidation heatmap also shows the Bitcoin sitting between two dense liquidity zones.

    Bitcoin liquidation heatmap.
    Bitcoin liquidation heatmap. Source: CoinGlass. 

    A large cluster of liquidation leverage has built around the $78,500 to $79,000 range, while another concentration sits lower around $76,300 to $76,700. 

    Price often gravitates toward these areas because leveraged positions tend to accumulate there.

    At the moment, Bitcoin appears closer to testing the lower liquidity pocket first.

    The heatmap shows repeated liquidity buildups under current price action, and the latest decline toward the $76,900 region suggests short-term sellers still control momentum. 

    If Bitcoin loses the $76,500 area decisively, the next visible liquidity band sits closer to $75,000 to $74,000, where another wave of forced liquidations could emerge.

    Still, upside volatility cannot be ruled out.

    The same heatmap also shows a heavy concentration of short liquidation liquidity above $79,000 and extending toward $81,000. 

    If Bitcoin manages to reclaim $78,500 with strong spot flows or ETF stabilisation, the market could see a squeeze higher as short positions begin unwinding.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleEx-London Capital & Finance CEO jailed for breaching SFO restraint order
    Next Article Data Center Stocks: Bank of America Ranks 10 Key Power Players By Investing.com

    Related Posts

    Bitcoin

    Bitcoin news: The last time this happened to BTC, it was 2012 – CoinDesk

    September 23, 2026
    Bitcoin

    Bitcoin hits highest level since January at $85,000, as the market debates whether the 'crypto winter' is over – CNBC

    September 21, 2026
    Bitcoin

    Crypto News Today: Bitcoin Outflow, Aave RWA Hub, Strategy Buybacks

    September 17, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Bitcoin crash far from over? Experts see another 30% downside to $42,000 | Buy, sell or hold?

    June 28, 2026
    Property

    5 Simple Ways to Invest in Real Estate

    October 12, 2024
    Stock Market

    Stock market: Sensex rises 960 pts in 3 days, Nifty above 25,900; more upside ahead?

    February 10, 2026
    What's Hot

    UK’s Rightmove hit with $2 billion lawsuit over estate agent fees

    April 1, 2026

    Commodities weekly: Gold remains strong as China’s weakness drags on other markets

    August 16, 2024

    Somerset House fire – latest: Courtauld to reopen on Sunday as London firefighters bring blaze under control

    August 17, 2024
    Most Popular

    Asia stocks rise tracking Wall St; China property jitters, stimulus in focus By Investing.com

    November 26, 2025

    Iran’s Crypto Economy Hit $7.8 Billion in 2025 as Protests Fueled Bitcoin Use: Chainalysis

    January 15, 2026

    China’s ruling Communist Party meets to map out plans for the next 5 years

    October 18, 2025
    Editor's Picks

    A New Golden Buying Opportunity?

    March 21, 2026

    Bitcoin News: BTC Price fait face à l’incertitude au milieu du déclin du réseau et des développements institutionnels

    February 17, 2025

    Bitcoin To $200,000 Is Bernstein’s ‘Highest Conviction,’ But Solana, Ethereum Will Outperform Elsewhere

    August 19, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.