🚨 Bitcoin just got hit with a major leverage flush. $BTC dropped from $79.5K to below $76K, triggering roughly $547M in liquidations as overleveraged longs were forced out. The damage was heavily skewed toward bulls, with long liquidations reportedly reaching $659M versus $148M for shorts. But there’s a key counter-signal: US spot Bitcoin ETFs still pulled in $307.45M over five straight days of inflows. So while derivatives positioning looks fragile, spot demand hasn’t disappeared. Now the levels matter: $77K = key support $79K = major resistance $71K–$70K = deeper downside zones BTC is getting squeezed by leverage, but institutional demand is still showing up. #BTC Price Analysis#