Bitcoin ETF Outflows and Rising Yields Put $76,000 Support at Risk

Bitcoin is caught in a tug-of-war between long-term holder accumulation and deteriorating short-term demand, with the $76,000 support zone coming under meaningful pressure. ETF outflows, climbing Treasury yields, and elevated leverage are combining to tilt the near-term balance toward the downside, with $70,000 emerging as the next credible floor if the current level gives way.

The weakness is notable because it arrives alongside a policy tailwind: the CLARITY Act, widely seen as a constructive step toward regulatory certainty for digital assets, has so far failed to translate into fresh ETF inflows. That divergence — positive macro policy, negative demand signal — suggests the market is pricing near-term macro risk over medium-term structural optimism.

Rising yields are the clearest headwind. When risk-free rates move higher, the opportunity cost of holding non-yielding assets like…