Bitcoin Holds Near $78,000 After Binance Hack, ETF Outflows

The notable signal is that bitcoin absorbed two negative shocks at once — an exchange hack and a large ETF outflow — without breaking down further, which suggests the selling was more mechanical than panic-driven. Binance's withdrawal queue is the real stress gauge here: a hack is one thing, but a sustained run on the exchange would test confidence in a way price alone does not show. What matters next is whether ETF flows stabilize and whether withdrawal volumes keep decelerating, since those two data points will say more about underlying demand than the headline price holding near $78,000.