Inflow for 9 Days ETF Disrupted! $2.5 billion in shorts soaring — is the drop in BTC below $77K a coil or a crack?

Bitcoin hit resistance at $79,485 over the weekend as profit takers dropped to around $75,753 today, with a 24-hour decline exceeding 3%. More specifically, the new spot Bitcoin ETF just experienced its first day of net outflows after nine consecutive days of inflows — on April 27, $263 million flowed out in one day, with FBTC alone withdrawing $150 million.
But can shorts really breathe a sigh of relief with this pullback? Coinglass data shows that if BTC breaks above $80,419, major CEXes will face short liquidations of $2.549 billion. Meanwhile, Strategy once again stepped in, adding 3,273 BTC at an average price of $77,906, pushing its total holdings past 818,334 BTC.
Currently, the 20-day moving average around $75,250 is a critical support zone — if it holds, this is a rounding phase. If not, that’s when the real crack has begun.