A post by @WuBlockchain on X.
QCP: Bitcoin Holds $76K Support as Binance Sees $3.64B Net Outflows
@WuBlockchain on X
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Bitcoin held its $76,000–$76,600 support range for a fourth time after falling to $76,141 on Friday, according to trading firm QCP, following a break below $80,000. Binance reopened withdrawals across 15 networks after an exploit, recording net outflows of $3.64 billion—roughly 2.1% of exchange assets—while U.S. spot Bitcoin ETFs posted $643.2 million in outflows on Friday. The resilience of the $76,000 level despite heavy exchange outflows and ETF selling suggests dip-buying demand remains intact, though the Binance exploit aftermath continues to weigh on sentiment. QCP identifies resistance at $79,500–$80,500, making a reclaim of $80,000 the key level to watch for confirmation of stabilization, while a fourth test of support raises the risk of a breakdown if outflows persist.
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Named in this story
Bitcoin (BTC), Binance, QCP, U.S. Spot Bitcoin ETFs
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