BTC/USD Sell-Off Tracks Bond and Equity Weakness

Bitcoin's retreat under $77,000 is unfolding alongside synchronized weakness in bond and equity markets, reinforcing the view that BTC is currently trading as a risk asset rather than a safe-haven hedge. The correlation suggests institutional flows are being driven by broader liquidity concerns rather than crypto-specific catalysts.

This cross-asset selling has amplified pressure on BTC/USD just as onchain demand indicators were already softening. The combination of macro-driven outflows and weakening structural demand creates a fragile setup where any additional negative macro surprise could extend losses beyond current support.

Traders watching BTC/USD should track how equities and bond yields behave in coming sessions, as continued correlation implies Bitcoin's near-term direction may be dictated more by macro headlines than crypto-native news flow.