{"id":72875,"date":"2026-05-21T17:37:47","date_gmt":"2026-05-21T17:37:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-2\/"},"modified":"2026-05-21T17:37:47","modified_gmt":"2026-05-21T17:37:47","slug":"bitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-2","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-bulls-lose-control-after-78000-rejection-wipes-out-overnight-recovery-2\/","title":{"rendered":"Bitcoin Bulls Lose Control After $78,000 Rejection Wipes out Overnight Recovery"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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<\/svg>Key Takeaways<\/span><\/h2>\n
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  • Bitcoin fell below $78,000 on May 21, erasing recent gains to close just above $77,000.<\/span><\/li>\n
  • Persistent spot bitcoin ETF outflows and a 0.3% drop triggered $44.3 million in liquidations.<\/span><\/li>\n
  • If the Nasdaq index undergoes a correction, analysts warn that capital will flee high-risk crypto assets.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Bitcoin<\/span> Erases Gains as ETF Outflows Mount<\/h2>\n

    Bitcoin<\/span> endured yet another underwhelming session, failing to hold the $78,000 mark and erasing earlier gains to close the 24 hours just above $77,000. The price action reversed the momentum seen between Wednesday afternoon and early Thursday. Market data show that during that period, the top cryptocurrency<\/span> steadily climbed from just over $77,200 to breach the $78,000 threshold for the first time just before midnight.<\/p>\n