Bitcoin Slides Toward $76K As Liquidations Hit Majors

The crypto market traded lower over the past 24 hours as Bitcoin slipped toward the mid-$76,000s and selling spread across major altcoins. The global crypto market cap was near $2.63 trillion, down about 2.2% over 24 hours, while total trading volume stood around $91.4 billion. Bitcoin dominance remained elevated near 58.2%, showing that capital is still hiding in the largest asset even as BTC itself struggles to hold short-term support.

The pressure came from several directions at once. Bitcoin had already been weakening after spot Bitcoin ETFs posted their first weekly outflow in six weeks, cutting into one of the market’s cleanest sources of institutional demand. Farside’s daily Bitcoin ETF flow data showed a $630.4 million net outflow on May 13, a $131.3 million inflow on May 14, and a $290.4 million outflow on May 15. That choppy sequence left BTC more exposed to derivatives pressure once price failed to reclaim $80,000.

Leverage accelerated the move. CoinGlass tracked roughly $641 million in total crypto liquidations over 24 hours, while market coverage of the selloff placed liquidations above $660 million as Bitcoin touched a two-week low near $76,700. That kind of flush usually forces traders to watch liquidity bands rather than headlines: once long positions start closing, spot buyers need to absorb supply quickly or the move can extend into the next support pocket.

Majors Stay Red While Bitcoin Dominance Holds

Bitcoin was trading near $76,232 on CoinGecko, down about 2.2% over 24 hours, with 24-hour volume near $38.7 billion. Ethereum traded near $2,102, down about 3.7%, while BNB was near $636, XRP near $1.37, Solana near $83.87 and Dogecoin near $0.1039. Among the largest non-stablecoin assets, Dogecoin showed the sharper 24-hour decline, while Solana remained under pressure after losing the $90 area.

The top 24-hour gainers on CoinGecko’s Top 1000 screen were much more speculative than the major-asset tape. MAGA Bitcoin led with a 136.5% move, followed by OriginTrail at 32.5%, Octra at 21.8%, The9bit at 21.3% and Playnance at 20.6%. The loser list showed pressure in Swarm Network, OpenServ, Irys, Babylon and Not in Employment, Education, or Training, all down by double digits. That split shows a market where isolated micro and mid-cap rallies are still happening, but broad liquidity is not strong enough to protect the majors.

ETF Flows, Liquidations And Treasury Buying Shape The Next Move

The market still has a Bitcoin treasury bid in the background. Strategy’s latest 24,869 BTC purchase lifted its holdings to 843,738 BTC, but the buy did not stop the broader market from selling off. That matters because treasury accumulation can reduce supply over time, while ETF outflows and leveraged liquidations can dominate the next 24 to 72 hours of price action.

The watch levels are now tighter. Bitcoin needs to reclaim $78,000 to repair the immediate breakdown and $80,000 to bring momentum buyers back into the trade. A failure to hold the $76,000 area keeps $75,000 and then the low-$73,000s in view. Ethereum is sitting directly on the $2,100 zone, with $2,000 acting as the next major psychological support if sellers stay in control. Solana’s setup remains fragile below $90, with the $78 channel-support area still the level traders are watching if the current mid-$80s range breaks.