Bitcoin Drops Below $77K: $563M in Liquidations, Bitcoin Depot Warning, and What Comes Next

Bitcoin slid under $77K as $563 million in leveraged longs were wiped out overnight — driven by rising Treasury yields, Strait of Hormuz tensions, and a market-wide deleveraging event. Bitcoin Depot issued a going-concern warning after a 49% revenue drop, while the HYPE token bucked the trend with a 7–10% gain. Here's what caused the flush, what long-term holders are doing, and what to watch heading into the week.