Bitcoin (BTC) and USD Coin (USDC) saw notable net outflows over the past 24 hours, signaling a broader ‘risk-off' tilt in major digital assets even as a handful of smaller tokens attracted selective inflows. According to Cryptometer data dated May 28, flows across large-cap cryptocurrencies showed BTC posting roughly $1.9 billion in inflows against about $2.1 billion in outflows, resulting in a net outflow of approximately $200.11 million over the 24-hour window.
Military strikes conducted by the United States against Iranian targets created ripple effects across international financial markets on Thursday, with Bitcoin experiencing one of its most pronounced single-session declines in recent memory. The convergence of escalating geopolitical conflict and substantial institutional capital withdrawal drove the wider cryptocurrency ecosystem toward a crucial technical threshold.
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Bitcoin experienced a significant decline on Thursday, May 28, 2026, breaching the $73,000 mark for the first time in several months following a U.S. Central Command military operation targeting an Iranian installation in the vicinity of the Strait of Hormuz.
ARK Invest CEO Cathie Wood has defended her bull case for Bitcoin reaching $1.25 million within five years, arguing that institutional allocation, digital-gold substitution and Bitcoin's hard-coded scarcity remain the central pillars of the forecast. Speaking on Fox Business In Depth: The Crypto Campaign on May 26, Wood said ARK's $1.25 million projection represents the firm's bull case rather than its base case.
IBIT recorded its second-biggest single-day net outflow since launch on Wednesday, missing a January record by less than half a million dollars, as the Iran-driven sell-off pulled institutional money out of bitcoin.
The potential forced selling of Bitcoin by treasury-heavy firms could trigger a feedback loop, amplifying market volatility and investor risk. Fund manager warns Bitcoin could drop as $150B Treasury operation nears.
A countertrend rally that pushed Bitcoin to $82,800 has done little to change one analyst's bearish outlook — because he says the bounce itself is proof the pattern is repeating. Related Reading: When Bitcoin Gets Ignored, It Tends To Rally The Hardest, Analyst Says What The Charts Are Showing Benjamin Cowen, founder and CEO of Into The Cryptoverse, points to a recurring rejection at the 200-day simple moving average as a key signal.
Fund manager Michael Kramer says a $150 billion liquidity drain from upcoming U.S. Treasury operations could push bitcoin sharply lower.
Institutional sentiment in Bitcoin (BTC) appears to be softening again as a widening negative ‘Coinbase premium' coincides with a sharp pullback in Coinbase Prime trading activity—signals closely watched as a proxy for U.S.-led demand. Data from CryptoQuant shows that on May 27 UTC, netflows on Coinbase Advanced—a venue often associated with higher ‘institutional participation'—turned positive at +519 BTC.
The Bitcoin slump and ETF outflows highlight increased market volatility, driven by geopolitical tensions and potential Fed rate hikes impacting liquidity. Bitcoin slumps below $73,000 as ETF outflows hit $733 million.
Geopolitical tensions heighten market volatility, impacting short-term crypto outlooks but leaving long-term Bitcoin predictions largely stable. Bitcoin falls below $73K as US airstrikes on Iran trigger $1B liquidations.