BTC Slides While Golden Cross Setup Keeps Traders on Edge

Bitcoin slipped to nearly $75,500 during Asian trading hours, extending weakness even as global stock markets climbed to record highs. The move highlights a growing gap between crypto and traditional equities, which have continued gaining momentum.

Traders are closely watching a technical pattern known as a “golden cross,” where the 50-day moving average rises above the 200-day moving average. Analysts say the setup, often viewed as a bullish signal, could play an important role in determining Bitcoin’s next direction.

Bitcoin is currently finding support near its 50-day moving average, while the 200-day average briefly acted as resistance earlier this month. A breakout or breakdown before the crossover may shape crypto market momentum in the coming weeks.

Bitcoin ETF outflows raise market concerns

Despite optimism around the technical setup, investor flows remain weak. U.S. spot Bitcoin ETFs recorded about $1.74 billion in net outflows over the past two weeks, showing institutional demand has slowed.

At the same time, retail traders have reportedly increased leveraged positions, a trend that has historically increased the risk of sudden liquidations during sharp market moves.

Altcoins struggle as ZEC sees biggest decline

Major cryptocurrencies including Ethereum, XRP and Solana fell around 1%, while Zcash dropped 9% to $564, marking the largest decline among top digital assets.

Meanwhile, HYPE remained relatively strong, gaining around 1.4% as interest in the token continued.