Bitcoin retreated more than 4% during the past week, settling around the $73,000 level after temporarily climbing back above $82,000 in May. This downturn coincided with substantial capital flight from US spot Bitcoin ETFs, which registered $1.42 billion in net redemptions — representing the third-heaviest weekly withdrawal since these investment vehicles debuted, based on current market data.
Escalating US-Iran tensions risk destabilizing global energy markets and heightening volatility in crypto, impacting investor sentiment. US military strikes Iranian drone sites as Bitcoin drops below $77K with $300M in liquidations.
Withdrawals were concentrated in BlackRock's IBIT, but traders were still well-positioned for a bullish recovery.
U.S. spot Bitcoin ETFs have recorded approximately $2.97 billion in cumulative net outflows over 10 consecutive trading days, marking one of the longest sustained withdrawal streaks since the products launched in January 2024.
Wealthy crypto investors are increasingly clustering their holdings in large-cap assets such as Bitcoin (BTC) and Ethereum (ETH), even as several smaller altcoins flash 'extreme oversold' signals on technical indicators—an unusual split that underscores the market's current lack of clear direction. Portfolio data tracking high-net-worth participants, based on figures compiled Sunday ET, showed Bitcoin leading the 'held' category with an 83% holding rate.
Kraken plans CFTC-regulated Bitcoin perps within 30 days, while Coinbase and Kalshi move first in the U.S. regulated derivatives race today.
U.S. spot bitcoin ETFs lost $2.97 billion across 10 trading days through Friday, the longest outflow streak on record. Oil's bounce on the stalled Iran deal added pressure even as global equities hit new highs on the Nvidia and SoftBank AI trade.
Institutional repositioning amid macroeconomic pressures signals potential volatility and uncertainty in Bitcoin's market stability and investor sentiment. Bitcoin sees $1.4B exit from spot ETFs, marking third largest outflow ever.
The lawsuit challenges Bitcoin's decentralized nature and could impact perceptions of its scarcity, affecting institutional investment strategies. NY lawsuit claims ownership of 3.8M Bitcoin, including Satoshi's addresses.
Bitcoin (BTC) options traders appear to be clearing out leverage at scale, but positioning continues to lean bullish, with the largest concentration of open bets still clustered around a $120,000 year-end call option. Data compiled by CoinGlass showed total Bitcoin options 'open interest' (OI) at $31.81 billion as of 1:00 a.m.
A solo home miner running a consumer-grade Canaan Avalon Nano 3S beat odds of roughly 149 million to one, winning Bitcoin block 951771 this weekend, and collecting a reward worth approximately $232,000.
Bitcoin price started a fresh decline below the $73,800 zone. BTC is consolidating and might continue to move down if it dips below $72,500.