Bitcoin Falls Below $78K on Thursday; Spot ETF Posts Fourth Consecutive Day of Outflows

BTC-0.29%
According to The Block, Bitcoin fell below $78,000 on Thursday as market concerns over near-term rally momentum intensified. Spot Bitcoin ETFs have posted net outflows for four consecutive trading days, while approximately $584 million in liquidations earlier this week continued to pressure market risk appetite. Data from Glassnode showed Bitcoin's spot Cumulative Volume Delta (CVD) turned negative for nine consecutive days, marking 2026's longest net-selling cycle; the asset has retreated below the critical $78,300 "real market value" level it briefly recovered during a rally to $82,000.
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