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Bitcoin drops below $76K amid $209M long liquidations and ETF outflows.

Market News
22 May 2026
Bitcoin
View Source
Bearish
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Bitcoin fell 2.8% to $75,120, dropping below the $76,000 resistance level amid $209 million in long position liquidations and $36.29 million outflows from spot bitcoin ETFs. The decline reflects ongoing market uncertainty driven by geopolitical tensions, warnings from Donald Trump, and concerns over Federal Reserve policy. Technical indicators remain bearish, and unless key resistance levels are reclaimed, bitcoin's near-term outlook remains cautious as traders reduce exposure amid broader crypto liquidations totaling $577.9 million.

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