Bitcoin fell for the fourth consecutive day on Monday, slipping below the $77,000 mark after a nearly 6% decline last week. The cryptocurrency’s slide was fueled by a combination of record outflows from US‑listed spot Bitcoin exchange‑traded funds and hotter‑than‑expected US inflation figures that have revived expectations of a more hawkish Federal Reserve.

Data shows that spot Bitcoin ETFs in the United States recorded a net withdrawal of about $1 billion last week, the largest weekly outflow since January. The reversal in institutional inflows comes after several weeks of strong demand that had helped push Bitcoin toward the $82,000 resistance zone.

The inflation report, which showed price growth above analysts’ forecasts, lifted the US dollar and Treasury yields, prompting investors to shift away from risk‑on assets such as cryptocurrencies. Higher interest‑rate expectations typically reduce liquidity in speculative markets, adding to the downward pressure on Bitcoin.

Technical analysis indicates that Bitcoin has broken below key support levels, including the 61.8% Fibonacci retracement near $78,500 and the 100‑week exponential moving average around $82,300. Momentum indicators are turning bearish, with the Relative Strength Index falling below 50 and the MACD histogram in negative territory. If the downtrend continues, the next major support zones lie near $75,000 and $74,500, while a rebound would need to clear the $78,900 level and the 200‑day EMA around $81,800 to regain a bullish outlook.