Here's why bitcoin turned lower from the 200-day average
Bitcoin retreated from its 200-day moving average at $82,400, settling near $77,900 as demand drivers collapsed. CryptoQuant's Bull Score Index plunged to "extremely bearish" 20, with U.S. spot bitcoin ETFs suffering $2 billion outflows over two weeks. Weakening leverage buying, spot demand, and negative premiums across U.S., Korea, and Hong Kong signal potential deeper correction toward $70,000 support.
Key takeaways
- 1Bitcoin fell to $77,900 after failing to break above its 200-day moving average at $82,400, a critical technical level.
- 2CryptoQuant's Bull Score Index dropped to 'extremely bearish' 20, with U.S. spot Bitcoin ETFs experiencing $2 billion outflows in two weeks.
- 3Korea's kimchi premium and Hong Kong ETF demand have turned negative, signaling weak demand ahead of potential $70,000 support level.
Coins in this story
Why it matters
For Indian retail investors, this signals weakening Bitcoin momentum and potential deeper correction, requiring caution on position sizing. Global demand collapse and negative premiums across major markets indicate selling pressure that could extend downward, affecting portfolio valuations and entry timing decisions.
Explore how ETF is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Don't call us just a WLFI treasury company, says AI Financial
The company says it is building a broader fintech, tokenization and digital infrastructure business, but its latest SEC filing shows WLFI still dominates the balance sheet....
Federal Reserve proposes limited master accounts long pursued by crypto firms
The Federal Reserve proposed limited master accounts for crypto firms, allowing faster payment clearing without full banking privileges. These "skinny accounts" lack intraday credit and discount window access. Kraken already obtained such access in March. The proposal opens a 60-day comment period as Trump's executive order pushes the Fed to standardize payment account rules across regional banks.
SEC seeks public comment as it weighs prediction market ETFs
SEC Chair Paul Atkins announced the regulator will seek public comment on prediction market ETF applications from Bitwise, Roundhill Investments, and GraniteShares. The delay reflects regulatory caution toward novel products as prediction markets hit $15 billion monthly trading volume. This parallels crypto ETF approval timelines, potentially opening institutional access to event-betting contracts for Indian investors tracking global markets.