BlackRock leads $236 million exodus as Bitcoin slides below $77,500

Bitcoin's relentless climb hit a wall as the asset dipped below $77,500, dragging the entire majors board into the red. Investors aren't just watching the charts; they're pulling cash out of the heavy hitters. BlackRock's IBIT spearheaded a mass exit, driving $236 million in total outflows from U.S. spot bitcoin ETFs during the latest session. It's a sharp reversal for a sector that recently couldn't stop breaking records. While the giants bled, smaller crypto funds actually managed to scoop up fresh capital. The contrast shows a market bifurcating between cautious whales and retail hunters looking for scraps in niche products. This isn't a total capitulation, but it’s a loud wake-up call for anyone expecting a straight line to six figures. Traders are now watching to see if this outflow is a one-day blip or the start of a deeper cooling period. Will the institutional bids return at the $75,000 support level, or is the post-election honeymoon officially over?