Bitcoin Holds $76.5K After $74K Weekend Plunge on Thin Liquidity
Bitcoin slipped 0.6% to $76.5K on April 28 amid geopolitical tensions, ETF outflows of $263M, and fading risk appetite, extending a weekend drop from $77K to $74K triggered by thin liquidity and $100M long liquidations. From Q1 lows of $66,619, it rallied nearly 15% to $79,490 fueled by U.S.-Iran ceasefire hopes, MicroStrategy's $2.5B buys, BOJ rate hold, $540M short liquidations, and $2.1B spot ETF inflows over eight days, before rejecting at $77,500 and erasing $30B in value. Analysts warn a close below $74K risks a slide to $60K as oil prices rise and DXY strengthens.