Bitcoin Rejected at 200-Day SMA as $77,500 Support Comes Into Focus

Bitcoin was turned back at the 200-day SMA and slid toward the $77,500 support area after trading above $81,000 earlier in the week. U.S. spot Bitcoin ETFs posted broad net outflows totaling about 3,670 BTC, while macro data including a 1.4% monthly PPI and 3.8% annual CPI weighed on rate-cut expectations.