Key Takeaways:
Bitcoin fell below $78,000 on May 21, erasing recent gains to close just above $77,000.Persistent spot bitcoin ETF outflows and a 0.3% drop triggered $44.3 million in liquidations.If the Nasdaq index undergoes a correction, analysts warn that capital will flee high-risk crypto assets.According to a Bloomberg report, this capital flight is largely driven by ETF holders who are utilizing minor market recoveries as an opportunity to sell and de-risk, treating the price bounces as an exit window rather than a signal to accumulate.
