Post #6961

Today's crypto market update. Bitcoin fell 2.2% to $79.4K as spot ETF flows turned negative, with ~$268.5M in outflows on May 8, ending a five-week inflow streak. The drop was amplified by long liquidations and rejection near the $82.8K resistance level. BTC remains closely tied to macro markets, showing strong correlation with the S&P 500 and Gold. Near term: Holding above $78.5K could stabilize price action; falling below may open a move toward the $76K–$78K support zone.