4 days ago
10
Key Takeaways:
- Seven straight days of Bitcoin spot ETF outflows totaling $1.59B
- May 18 single-day outflow of $648M was the largest in the streak
- Price dropped to $75,300 before recovering slightly to $75,509
- RSI at 37 on 4H chart, momentum firmly bearish, signal line at 48.73
- $74,255 is the critical support, break opens CME gap near $67,000
Bitcoin dropped to $75,300 this morning before recovering slightly to $75,600 at the time of writing, down 1.8% on the day, and the move lower has a clear institutional fingerprint on it. Seven consecutive sessions of spot Bitcoin ETF outflows have now pushed cumulative net inflows down from $58.34B on May 15 to $56.75B on May 26, removing $1.59B from the cumulative position in less than two weeks. Total net assets across all spot Bitcoin ETFs dropped from $104.29B to $98.40B in the same period, falling back below the $100B mark in the process.
This isn’t a single bad day being read as a trend. Seven sessions in a row...
English (US)