U.S. spot Bitcoin ETFs experienced a fresh wave of outflows. Over five trading days, around $1.26 billion exited 11 funds — something the market usually interprets as a weak signal for $BTC. However, analysts at Santiment see it differently: such periods often create conditions for steady accumulation rather than panic.
The Bitcoin options market is approaching a major expiry on May 29. Contracts worth approximately $6.25 billion are set to expire on Deribit, and current positioning already highlights the key levels for $BTC: $75,000, $80,000, and $82,000. These zones are now shaping the market’s short-term narrative.
During a difficult week for crypto ETFs, institutional investor sentiment shifted sharply: more than $1.2 billion flowed out of Bitcoin ETFs, while Ethereum-based products extended their prolonged decline. At the same time, capital continued flowing into $XRP, Solana, and Hyperliquid-related products, highlighting growing interest in alternative crypto narratives.
Recent Bitcoin exchange data suggests the market is facing stronger spot-side selling pressure, as Binance inflows remain elevated while exchange reserves recover from April lows. CryptoQuant analyst Darkfost noted that the shift emerged during a broader market correction shaped by geopolitical tensions and risk-off sentiment.
According to BRN, Bitcoin remains below $78,000 amid spot ETF outflows, geopolitical tensions, and weaker trading activity caused by public holidays in the U.S. and Europe. Analysts also highlighted that spot Bitcoin ETFs recorded $1.26 billion in outflows between May 18 and May 22.
Bitcoin miners remain cautious and are not yet showing confidence that the market has completed its bottoming phase, according to analysts at the on-chain analytics platform CryptoQuant.
Darkfost, an analyst from the cryptocurrency analytics platform CryptoQuant, shared important data regarding Bitcoin movements on the Binance exchange. According to the analyst, Binance’s $BTC reserves have shown continuous net inflows over the past 10 days. This indicates that investors are transferring more Bitcoin to the exchange, potentially increasing selling pressure.
BitMEX analyst Shan Wu believes that rising government bond yields may signal the beginning of major changes in the global financial system. In his view, this could strengthen investor interest in Bitcoin as an asset that is less dependent on inflation and central bank policies.
Bitcoin rose on Sunday, recovering after a sharp decline earlier in the weekend following reports that the United States and Iran are nearing a potential agreement that could ease tensions in the Middle East.
This week, exchange-traded funds investing in spot Bitcoin through ETFs in the United States experienced strong capital outflows. The total net outflow from these funds amounted to approximately $1.26 billion, marking the largest weekly outflow since the end of January. In addition, net outflows were recorded for the sixth consecutive trading day.
Bitcoin declined on Saturday, trading above the $74,000 level as investors remained cautious amid ongoing geopolitical tensions in the Middle East and uncertainty surrounding cryptocurrency regulation in the United States.
On Friday evening, Bitcoin dropped to $75,120 per coin, posting a daily decline of 2.8%. This daily fall delivered another blow to an already difficult week for the market, bringing weekly losses to approximately 5%.
Bitcoin once again attempted to consolidate above $78,000, but the rally quickly slowed amid worsening macroeconomic expectations in the United States. Pressure intensified following weak guidance from Walmart, rising oil prices, and renewed concerns surrounding the policy of the Federal Reserve System.
Bitcoin moved into a downward trend as active trading began on US exchanges. According to TradingView, shortly after the opening bell on Wall Street, the BTC/USD pair corrected below the $77,000 level.
According to the report, Bitcoin gained approximately 11.8% over the past 30 days, reaching $78,272. However, stagnant open interest in options and a 51% decline in put option premiums indicate that the rally was largely driven by spot buying activity. Analysts at VanEck stated that demand for downside hedging in the options market has dropped sharply, although investors remain cautious overall.
Strategy, the largest institutional investor in Bitcoin, continues to pursue its BTC acquisition strategy. The company remains committed to weekly purchases, maintaining confidence in Bitcoin’s long-term appreciation. Speaking to CNBC, Strategy founder Michael Saylor stated that Bitcoin had fallen from a peak near $125,000 to approximately $60,000, where it found strong support and formed a bottom.
Українська
Русский
English