Bitcoin: Retreats to $75K as Demand Fades

Bitcoin has pulled back from the low-$80K region toward $75K as spot demand, ETF inflows, and volatility expectations continue fading according to Glassnode.

Positioning has reset yet conviction remains limited in the current cycle. BTC price action now sits inside the Bollinger Bands with the lower support at $75041.75 acting as immediate floor.

Technical confluence shows price at $75116.12 trading below both EMA50 at $76825.57 and EMA200 at $77255.39 while MACD prints a death cross at -379.18; RSI at 35.08 leaves room for further downside before any relief rally materializes.