The core changes in the afternoon market are not just that Bitcoin broke below $780,000, but also that liquidity conditions cooled off in the short term: According to Cointelegraph, on Friday U.S. spot Bitcoin ETFs saw net outflows of about $201.8 million, ending a streak of 9 consecutive trading days of net inflows. Binance’s 24-hour data also shows BTC is currently around $77,478, down about 3.04%, with an intraday low that at one point approached $76,888. My view is: the trend has not yet been defined by a single day’s volatility, but the $78k level has shifted from support to a resistance zone that needs to be re-confirmed. Next, the focus should be whether ETF flows recover, whether trading volume continues to expand, and whether price can reclaim key moving averages. Don’t treat “continuous inflows” as a guarantee of perpetual upside—position management matters more than emotion.