Bitcoin trades near $77,700 as analysts eye $75,000 support after liquidation wave
Bitcoin is currently trading near $77,700, with analysts observing a key support level around $75,000. Recent market activity indicates that the liquidation wave was more of a leverage flush rather than a significant downturn. Macro factors, including rising U.S. Treasury yields and geopolitical tensions, are influencing market conditions for Bitcoin.
- ▪Bitcoin is trading around $77,700 after a brief drop below $77,000.
- ▪Analysts identify the $75,000 to $77,000 range as a critical support zone.
- ▪Recent liquidations were evenly split between long and short positions, indicating a volatile market rather than a one-sided capitulation.
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin trades near $77,700 as analysts eye $75,000 support after liquidation waveOpen interest held steady and funding stayed subdued during the recent liquidation wave, suggesting traders were de-risking rather than capitulating, according to HashKey Research's Tim Sun.By Sam Reynolds|Edited by Omkar Godbole May 22, 2026, 5:38 a.m. 2 min readMake preferred on What to know: Bitcoin hovered around $77,700 after a brief drop below $77,000, with derivatives data suggesting the move was a leverage flush rather than the start of a deeper downturn.Analysts say the $75,000 to $77,000 range remains a key support zone, as liquidations were split between longs and shorts and did not reflect a one-sided capitulation.Rising…
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