Bitcoin (BTC) Price: BTC Drops Below $77K, ETFs Bleed $462M - Is the Rally Over?

TLDR

• Bitcoin fell below $77,000, trading around $76,725 on Sunday
• Sentiment index briefly hit 89, its highest since March 2024, before cooling
• U.S. spot Bitcoin ETFs saw $462.7 million in net outflows for the week of Sep. 8–11
• Bitcoin Suisse argues a small BTC allocation can improve traditional portfolio returns
• U.S. inflation came in at 3.4% annually in August, keeping rate pressure alive

Bitcoin dropped below $77,000 on Sunday, trading at around $76,725 — a 0.80% decline. The cryptocurrency ended Saturday near $77,300 before slipping further in early Sunday trading.

Higher bond yields and expectations that interest rates will stay elevated are making dollar-denominated assets more attractive. This has kept pressure on Bitcoin and the broader crypto market.

CryptoQuant analyst Darkfost noted that Bitcoin market sentiment briefly climbed above 89 out of 100, entering what he calls “extreme greed” territory. That is the highest reading since March 2024.

The last time we saw such a bullish market sentiment was in March 2024.

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