Bitcoin Crashes to $77k: $600M Liquidated, Can Bulls Recover?

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<a href="https://tech-oracle.com/btc-usd/">Bitcoin</a> Price Falls to $77,000 During Weekend Amid $600M+ in Liquidations

Bitcoin experienced a difficult weekend, quickly wiping out several weeks of positive gains. As of today, it’s trading around $76,860, about 5% lower for the week. A sudden price drop particularly hurt traders who had bet heavily on Bitcoin rising. Beyond the immediate price change, there’s concern about potential longer-term damage and whether the $77,000 level will provide enough support.

According to CoinGlass data, cryptocurrency exchanges saw around $677 million worth of leveraged long positions closed (liquidated) in a single day, marking the biggest daily loss since February 6th when Bitcoin’s price dropped and $1.84 billion in similar bets were wiped out. In contrast, liquidations for short positions totaled only $65 million, highlighting that many traders were heavily betting on price increases.

(SOURCE: CoinGlass)

Ethereum was particularly affected by recent market drops, with liquidations of long positions totaling $244 million, compared to $160 million for Bitcoin. This downturn seems to have been caused by a combination of factors: unexpectedly high inflation data in the US, increasing Treasury yields, and growing global political concerns – all of which reduced investor interest in risky investments. Just before Bitcoin’s price fell below $77,000, US Bitcoin ETFs experienced net outflows of about $263.2 million, clearly indicating a shift away from riskier assets and foreshadowing the price decline.

Investors are currently focused on whether economic challenges will ease or worsen. Signals from the Federal Reserve and the movement of money into and out of ETFs are being closely watched for clues about what might happen next.

This is how $BTC bottom will most likely form this cycle.

— Ted (@TedPillows) May 18, 2026

Can Bitcoin Price Recover Above $78,000 This Week?

Bitcoin is currently stabilizing just above $77,000 after briefly dropping to between $75,600 and $76,500 over the weekend, according to data from MEXC. The $77,000 level is now a key price point for traders; it’s where many have set orders to limit losses, and it’s a significant psychological level that buyers need to hold to avoid a further price drop.

Bitcoin is currently facing resistance around $78,000, a price it hasn’t been able to break above recently. If it does recover, analysts are watching for potential gains toward $80,000, and then between $82,000 and $84,000. The Crypto Fear & Greed Index is now at 28, indicating ‘Fear,’ which often happens before a price either sharply increases or continues to fall.

(SOURCE Fear & Greed Index)

Looking at the current situation, there are three likely possibilities. If Bitcoin stays above $77,000, ETF outflows stop, and it breaks past $78,000, it could move back towards $80,000. A more moderate scenario involves the price staying within the $76,000–$78,000 range, with general economic uncertainty holding back strong buying. We’ve seen recently that traders lack strong confidence when the price approaches key resistance levels.

If the price falls below $75,000–$76,000, it could signal a more significant downturn, potentially reaching as low as $74,500 or even $69,000. KuCoin’s analysts describe the current market situation as careful but not definitively negative, which is a fair assessment at this time.

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Bitcoin Hyper Targets Early-Mover Positioning as BTC Tests Critical Support

Bitcoin traders seeing the price stuck under $78,000 are in a common situation: holding onto their Bitcoin carries the risk of losses if the price drops further, but selling completely means they could miss out if the price rises again towards $100,000.

When things feel uncertain, investors often shift their money towards newer infrastructure projects that have the potential for high returns, especially those where prices haven’t yet been fully adjusted by the market.

Bitcoin Hyper ($HYPER) is a new project currently offering early access to its tokens. It aims to improve Bitcoin by making transactions faster and cheaper, and by adding more functionality through smart contracts. It does this by combining Bitcoin with the technology behind Solana, while still maintaining Bitcoin’s strong security features. Essentially, it’s building a faster, more versatile layer on top of Bitcoin.

So far, the presale has generated $32.7 million with each token currently priced at $0.0136802. Early investors can also earn significant rewards through a staking program. The system includes a secure, decentralized bridge for moving Bitcoin between different platforms.

Visit the Bitcoin Hyper Presale Website Here.

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2026-05-18 17:57