BTC shows structural weakness as leverage remains high, analyst says

As Bitcoin (BTC) has fallen below $78,000, structural signs of market weakness are accumulating, according to an analysis by The Block reporter Naga Avan-Nomayo. He cited several key bearish factors, including four consecutive trading days of spot ETF outflows, large-scale long position liquidations in the futures market, and a negative spot Cumulative Volume Delta (CVD) for nine straight trading days. Avan-Nomayo noted that despite the recent liquidations, leverage has not been sufficiently cleared from the market, leaving instability. However, he added that billions of dollars in stablecoin liquidity are waiting on the sidelines, creating a strong possibility for BTC to recover above $80,000 once that capital begins to enter the market in earnest.