Caught Bitcoin taking a hard hit below $78k over the weekend - down over 7% in 24 hours and sitting around $77k. Thin weekend trading didn't help; volumes dried up and the market got real defensive real quick. Geopolitical stuff weighing heavy here - Iran port situation and that U.S. government shutdown spooked everyone away from risk assets.

What's interesting though is the technical side of it. Orderbooks are shallow, spreads look tight on the surface but there's barely any real depth underneath. One wave of selling and bids just vanish - that's not fundamental repricing, that's just liquidity drying up. Plus we're still dealing with spot bitcoin ETF outflows and people unwinding leverage from late last year.

Industry drama isn't helping either - all that public bickering about what caused October's liquidations has people nervous. Key level to watch is $75k, where buyers showed up last April. If that breaks, next real support is around $58k at the 200-week average. For now it's rangebound, but weekend selloffs like this tend to either attract fresh buyers or signal deeper downside coming.