Bitcoin Stalls Near $77,900 After 200-Day MA Rejection

Bitcoin is consolidating around $77,900 after repeated failures to hold above the 200-day moving average near $82,400. The six-week rally from $66,000 peaked near $83,000 but lost momentum as short-term holders sold into every bounce and U.S. spot ETF flows turned sharply negative, with nearly $1 billion in outflows last week. On-chain data show CryptoQuant’s Bull Score dropping to extremely bearish levels while key support now sits at the $74,000–$76,000 band; a decisive break lower risks exposing deeper levels near $70,000.