According to CoinMeta, as reported by Coindesk, Bitcoin once again topped $76,000 on Friday, although it still experienced a decline of over 5.3% in the past 24 hours. In the U.S., spot Bitcoin ETF saw a net outflow of $430.2 million on Thursday, with Fidelity FBTC contributing $199.9 million to this outflow, and BlackRock IBIT contributing $105 million, reversing the net inflow of $74.6 million from Wednesday. As of Thursday, the cumulative net outflow for the week had reached $869.8 million. Additionally, the sell-off in U.S. tech stocks triggered a chain reaction in the crypto market, with leveraged positions in cryptocurrencies experiencing a margin call amounting to $1.26 billion in the past 24 hours, of which long positions accounted for $1.12 billion. Analysts point out that some asset management firms may be selling off alternative assets to meet margin requirements and reduce the leverage of their portfolios. During Bitcoin's previous rebound, the size of outstanding futures contracts remained relatively stable, and the price of BTC on Coinbase once fell below that of Binance, reflecting the continued weak buying demand in the U.S. market.