Morning Minute: Bitcoin Hit $75k After Weekend Washout

Bitcoin bulls roared back into action early Monday morning, completely erasing the sharp downward pressure experienced over the weekend and pushing the asset to a new high of $75,000.

The ‘weekend washout’ saw BTC briefly touch $68,500 amid leveraged long liquidations and significant profit-taking across Asian trading hours. Analysts suggested the dip was a necessary deleveraging event, cleansing the market before the next sustained push higher. However, the recovery was swift and powerful, driven by a surge in buying volume as the US trading day commenced.

Crucially, institutional appetite remains robust. Preliminary data indicates that US spot Bitcoin ETFs recorded strong net inflows on Monday, signaling sustained institutional conviction despite the recent volatility. The rapid move from the weekend low required immense capital injection, suggesting whale activity played a decisive role in breaching the key resistance level of $74,000.

The recovery above $75,000 confirms strong fundamental support in the $68,000–$70,000 range. Attention now shifts to maintaining $74,500 as critical support while market participants set their sights on the next major psychological barrier at $80,000. Today’s aggressive price action underscores the volatile, yet decisively directional, nature of the current bull cycle.

Source: Morning Minute: Bitcoin Hit $75k After Weekend Washout