Bitcoin slipped 1% on Monday, trading near $77,000 as investors hesitate to buy the dip. The drop marks the fourth straight month of losses and the lowest level since April, reflecting a broader crypto sell‑off that has erased roughly $1.7 trillion in market value.

Strategists at 10X Research cite flow and positioning data that suggest sentiment has shifted, yet the downtrend remains intact. With Bitcoin hovering near a $73,000 support zone, traders focus on deleveraging rather than a rebound, mirroring the cautious stance seen across digital assets.

CoinMarketCap reports Bitcoin at $77,715.08, down 12% YTD, while Ether fell 23% since January. The market’s fragility intensified after President Trump announced Kevin Warsh as the next Fed chair, a move markets view as hawkish, tightening expectations for crypto liquidity.

Investors eye the mid‑$70k range as a logical support, noting that $74k was the intraday low in April 2025. Analysts warn that without a clear catalyst, the crypto market may continue to slide, making the next rally uncertain and highlighting the need for cautious capital deployment.