BTC hit a low of $76,555 today, with the entire market experiencing over $600 million in liquidations, 89% of which are longs.

It's not a problem within the crypto space itself, but macro factors are hitting hard.
U.S. Treasury yields soaring, CPI inflation expectations shattered, oil prices breaking $110, Iran tensions escalating, and the stock market also posting its worst performance since March.
These three factors stacking up, a sharp decline isn't surprising.
The only thing worth watching now is the $76,500 level.
It has been tested several times today and is still holding.
Holding steady means a shakeout; if it doesn't hold, short-term support is around $72K-$74K.
$ETH experienced a deeper drop, over -3%, when risk appetite shrinks, funds always flow back into $BTC first—that rule hasn't changed.
The greed index has fallen to 38, entering fear territory.
Every time it hits this level, it could be the last dip or a confirmation of the bottom.
There's no certain pattern, but at least it shows more people are rushing to exit than those who understand the situation.
I don't think the narrative is broken; the Clarity Act is still being pushed, and institutional funds haven't fully fled.
This wave seems more like proactive deleveraging before NVIDIA's earnings report.
The real key event is NVIDIA's earnings tomorrow night, not today's figures.
Before $76,500 is reached, don't rush to buy the dip.
DYOR, not investment advice.