Crypto

Bitcoin Price Drop: $77K Support Test Looms Amid Leverage Risks

Guavy AI Editorial Team Published August 22, 2026

Instruments

BTC

Bitcoin's recent rally is under pressure after the price dropped from above $79,000 to around $77,291. This sharp decline triggered roughly $547 million in crypto liquidations before buyers stepped back in.

The correction risk for Bitcoin is increasing due to high leverage and a failed breakout above $79,000.

U.S. spot Bitcoin ETFs recorded $307.45 million in net inflows on August 21, providing support for BTC, but the failed breakout leaves the market vulnerable to another pullback.

The Wire

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