Bitcoin Falls Below $78,000 After Institutional Profit‑Taking and Macro Headwinds

Bitcoin slipped below $78,000 (around $77,900 on Binance USDT) after a 4.2%–5% correction from recent highs near $81,400. The pullback was driven by institutional profit‑taking, weakening technical momentum (RSI moving from overbought toward neutral), and macro pressure including a stronger US dollar and higher bond yields. Trading volume rose sharply during the sell‑off (reported +34% and +42% in earlier reports), while derivatives activity remained orderly: open interest fell (~8%) and funding rates normalized, reducing the risk of cascade liquidations. On‑chain fundamentals stay intact — a large share of BTC supply has been inactive >1 year, exchange reserves are modestly lower, and network hash rate continues to grow — suggesting accumulation rather than panic selling. Key technical levels to watch are resistance near $79,200 and primary support at $76,500 with secondary support around $74,800–$73,400 (50–200‑day moving averages cited). Bitcoin dominance eased slightly (~52.3%), and total crypto market cap contracted a few percent. For traders: monitor whether $76.5k–$74.8k holds, watch volume and funding/futures open interest for follow‑through, size positions, use stop‑losses or hedges if needed, and treat this as a volatility event within a broader bullish adoption narrative unless on‑chain seller behavior or exchange inflows accelerate.