On May 13, 2026, spot Bitcoin ETFs in the United States recorded a combined capital outflow of $635.23 million. This was the worst daily result in the past 3.5 months. The last time a larger outflow was observed was on January 29, when investors withdrew $903.11 million from these products.
Peter Brandt warned that Bitcoin has not yet formed a clear bottom, citing a possible bearish channel extending from the February low. His key trigger is an ATR close below $79,145, which he says could signal the resumption of a downward trend.
Bitcoin slipped on Wednesday, extending a spate of losses to a third straight day after scaling as high as $82.4k on the weekend. A protracted impasse in Iran, along with hot U.S. inflation data, has kept a lid on risk sentiment for cryptocurrencies this week.
While Bitcoin traded at around $79,650 over the past 24 hours, the derivatives market experienced a sharp wave of liquidations. According to the data, positions worth a total of $158.53 million were liquidated during the last 24 hours, of which $142.59 million came from long positions. Short liquidations accounted for $15.93 million. As a result, approximately 89.9% of all liquidations were long positions, pointing to a sudden panic sell-off in the market.
Bitcoin, the leading cryptocurrency, has once again drawn investors’ attention to bullish expectations after rising above its 200-day moving average — one of the key indicators in technical analysis. The last time a similar technical signal appeared was in September 2020, after which Bitcoin entered a strong bull market.
Bitcoin is showing signs of renewed upside momentum after completing what traders describe as a full “liquidity engineering cycle” on May 12. Investors are now closely watching the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping to assess its potential impact on financial markets.
Japanese investment company Metaplanet (TSE: 3350), often referred to as Asia’s version of Strategy, released its financial results for the first quarter of 2026 on Wednesday, showing significant growth in its digital asset portfolio.
MARA Holdings announced the sale of a significant amount of Bitcoin to help finance its planned acquisition of Long Ridge Energy & Power. The deal is expected to significantly strengthen MARA’s capabilities in artificial intelligence and high-performance computing (HPC).
On Wednesday, Bitcoin remained mostly unchanged, holding near the $81,000 level as investors awaited new signals from the upcoming U.S.-China summit. Caution surrounding Iran and interest rates also continued to limit market activity.
According to CryptoQuant analyst MorenoDV_, the Bitcoin bull-bear market cycle indicator has entered the “early bull” zone for the first time since March 2023. The shift comes as the asset trades near a major resistance area after rebounding from its late-March support zone.
Bitcoin briefly fell below the $80,000 level on Tuesday as global markets reacted to U.S. President Donald Trump warning that the ceasefire with Iran could collapse, alongside the latest U.S. inflation data.
Crypto Super Hub co-founder Jake Pahor said investors started aggressively buying Bitcoin after the market recovery, even though they had ignored the asset just months earlier at significantly lower prices.
At the beginning of the new trading week, spot silver prices climbed to $84.77, marking the strongest daily move since March 13.
South Korea’s digital currency market may receive renewed support after a period of weak activity. Bitwise researcher Jeff Park links the potential recovery to the behavior of retail investors, who currently keep most of their capital in shares of the country’s largest companies.
Bitcoin was little changed on Tuesday, holding within a narrow trading range as fading hopes for a peace agreement between the United States and Iran, along with caution ahead of key inflation data, kept the cryptocurrency market on edge.
After reaching a peak of $82,458 on Sunday evening, Bitcoin spent Monday repeatedly testing resistance around the $82,000 level.
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