Bitcoin dips under $78K to $77,614 as traders debate a potential bear trap

Bitcoin (BTC) slid below $78,000 on Saturday and printed an intraday low of $77,614, its weakest level since May 1. Traders pointed to weakening support with $75,000 and even lower levels on watch, while some argued the move could be setting up a "bear trap" as open interest rose and funding rates turned negative.