Bitcoin's price dropped to $77,000, leading to over $526 million in liquidations within an hour, primarily affecting long positions. The decline followed Bitcoin's failure to break through the $79K to $80K resistance zone, triggering a cascade of forced liquidations across major exchanges. The broader weekend volatility saw total long liquidations exceeding $800 million. Prior to this pullback, Bitcoin had experienced nine consecutive days of ETF inflows totaling approximately $2.12 billion, which had encouraged leveraged traders to take long positions. The current support zone is between $75K and $77K, while bulls aim to reclaim the $79K to $80K range.