The crypto market experiences one of its worst weeks as liquidations reach $954 million in the past 24 hours. Bitcoin is down 5.79% and trading at $79,735, marking its 4th consecutive bearish candle. The declining trend is attributed to a bearish reversal at the $99,000 resistance level, with the MACD and signal lines showing a bearish crossover. The daily RSI line has also entered the oversold territory. Institutional confidence in Bitcoin declines with outflows recorded in U.S.-registered spot Bitcoin ETFs and Ethereum spot market for eight consecutive days. The bearish trend leads to $474.46 million in Bitcoin liquidations in the past 24 hours, with a higher premium for bulls in the futures market. The next important support level for Bitcoin is at $76,722, but a breakdown is warned by ETF outflows and a shift towards bearishness.



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