Bitcoin Drops Under $76,000 as $209M Long Liquidations Add Pressure

Bitcoin slid on Friday evening to $75,120, posting a 2.8% daily drop and extending weekly losses to about 5%. In the past 24 hours, long liquidations hit $209 million versus $4.7 million for shorts, while total crypto liquidations reached $577.9 million. Spot bitcoin ETFs also saw $36.29 million in outflows during Friday's session.