Bitcoin price teeters on trendline support after tech liquidation sparks profit-taking

Share Link copied Bitcoin price has dipped under intense macro headwinds today, July 25, as the Nasdaq-100 index plunged to its lowest level since May 5 over escalating concerns regarding heavy artificial intelligence spending by tech giants. Summary Bitcoin price slid 2.49% to $64,017 as tech-driven Nasdaq liquidations and 4.

71% Treasury yields triggered defensive profit-taking. Spot BTC ETFs posted their worst inflows in three weeks, drawing just $33 million as buyers pivoted to bonds. BTC is actively testing vital 4-hour ascending trendline support; losing this slope exposes the psychological $60,000 floor.

At the time of writing, the leading cryptocurrency trades at $64,017.51, representing a 2.49% decline over the last 24 hours.

Daily trading volumes reached $22.84 billion according to CoinMarketCap data, representing rising selling pressure after BTC recently touched an intraday high near $66,900 on July 21. Market sentiment has turned cautious because Bitcoin increasingly correlates with high-growth technology shares.

Tech equity liquidation triggers crypto selloff Data from TradingView shows that the Nasdaq-100 index closed its previous trading session at 28,128 points, establishing an eleven-week low. This equity drawdown stems from investor anxiety that massive capital expenditures toward AI infrastructure will reduce immediate corporate cash flows and increase corporate debt burdens. Nasdaq-100 Index | Source: TradingView For example, Alphabet purchased $94 billion worth of SpaceX stock during a June initial public offering, highlighting the scale of tech-sector capital allocation.

Commenting on the move, Peter Andersen, Chief Executive Officer of Andersen Capital Management, noted: “People are thinking, how do we make sense of all this spending, and how much more patient do we have to be before we actually see it translate to actual profits?” You might also like: Triple-A hot wallets lose $9.7M in suspected exploit This capital preservation mindset in traditional finance has prompted defensive positioning within digital asset markets, where traders are taking profits rather than risking capital on volatile assets.

Why Bitcoin institutional demand channels are stalling In tandem with the equity contraction, institutional demand channels for digital assets show signs of constraints. Data from SoSoValue shows that spot Bitcoin exchange-traded funds registered a mere $33 million in net inflows during the week ending July 24. This cumulative figure marks the weakest weekly capital intake for the investment vehicles in three weeks.

The reduction in capital allocation develops alongside a notable shift in the broader fixed-income landscape. Specifically, the US Treasury 10-year yield advanced to 4.71%, which represents its highest level since January 2025.

Higher yields on risk-free government bonds change the opportunity cost of holding volatile crypto assets. When government debt instruments present guaranteed yields at these levels, institutional allocators frequently pivot away from high-beta risk assets like Bitcoin. Such a macro reallocation pattern cuts the baseline liquidity available to support crypto spot prices during equity market drawdowns.

The drop from the July 21 peak of $66,900 reveals that market participants are opting for cash or fixed-income safety rather than defending local support levels. Consequently, the combination of tech stock liquidations and rising yields has forced a tactical retreat. Key Bitcoin price technical levels to watch On the 1-day chart, the daily candle prints at $64,017.

51, positioning the asset just under its yellow moving average ribbon line of $64,266.14. Long-term overhead resistance remains defined by a higher red trendline sitting at $77,301.

64. Bitcoin price daily chart — July 25 | Source: crypto.news The Aroon indicator on the daily timeframe provides a mixed outlook for long-term momentum; the Aroon Up line measures 71.

43%, while the Aroon Down line hovers at 14.29%. A crucial horizontal resistance line is established at $67,303.

10, which matches structural distribution zones from early June. Shorter-timeframe data on the 4-hour chart reveals that Bitcoin is currently testing a vital upward-sloping purple trendline that has served as dynamic support since early July. The 4-hour Relative Strength Index has slid to 35.

85, tracking below its yellow moving average line of 42.67, which places the asset near oversold territory. Bitcoin price 4-hour chart — July 25 | Source: crypto.

news Concurrently, the Moving Average Convergence Divergence indicator registers a bearish configuration, with the blue MACD line crossing below the orange signal line at -342.39 versus -155.51 amid expanding red histogram bars.

The immediate price action shows a direct cluster of sell orders around the 4-hour trendline, indicating that short-term speculators are actively hedging their spot exposures. Volume bars on shorter intervals have increased during down-swings, validating