Bitcoin slipped below $77,500, but the immediate move is tighter than the broader narrative. For this window, the focus is simply the latest trading range and how much ground Bitcoin gave up across it.
48 one-hour candles open at $77,854.88, then close at $77,608.03, down 0.32%. Support is 76,171; resistance, 78,107.
Bitcoin is trading between those displayed support and resistance levels, but price structure alone doesn’t explain the selling. The fund flows give a crypto-specific pressure point: on November 2, Bitcoin and Ethereum ETFs together lost $538 million in one day, while US-listed Bitcoin funds saw more than $1 billion in withdrawals over two sessions. Investors were also weighing uncertainty around the CLARITY Act. That helps explain why crypto-specific pressure stayed in focus. Whether this reflects a deeper institutional pullback depends on whether ETF redemptions stabilize; continued outflows would keep that explanation in play.