Bitcoin ETFs See $635M Outflow as BOJ Triggers Liquidations
The week's main event for digital assets, the U.S. Clarity Act markup, is due later today. The crypto market, led by bitcoin, seems to be treating it as a non-event.
Bitcoin returns to a dangerous zone. After several weeks of rebound, CryptoQuant estimates that the market could flip if the current resistance holds strong.
Traders have been treating Bitcoin as a high-beta proxy for the same risk appetite driving Nvidia and the Mag-7, one that should move with equities on green days. Instead, Bitcoin lost its $80,000 support and registered an intraday low of $78,759.
Crypto markets weakened as inflation fears hit risk assets, triggering long liquidations, negative derivatives flows and renewed pressure on altcoins.
On-chain weakness, aggressive short bets, and inflation data collided to spark Bitcoin's brutal mid-May selloff.
Bitcoin dropped to roughly $79,400 after spot ETFs lost $635 million Wednesday, the largest single-day outflow since January, even as long-term holders absorbed a record 4 million BTC.
A leading cryptocurrency analyst flagged a major bullish signal early Thursday, potentially fueling Cardano's (CRYPTO: ADA) next rally. Will ADA Hit $0.42?
U.S.-listed spot Bitcoin ETFs recorded their largest single-day outflows in four months on Wednesday as rising inflation concerns and weakening risk appetite pressured crypto markets. According to data from SoSoValue, the 12 spot Bitcoin ETFs in the U.S.
The story of a user who managed to recover 5 Bitcoin tokens worth around $400,000 after 11 years without access to them has attracted huge attention on social media in recent days.
Bitcoin's short-term holder loss pressure, combined with a decreased supply of young coins, can help ease selling pressure.
A May 7 JPMorgan client note estimated that Strategy could buy roughly $30 billion in Bitcoin in 2026 if Michael Saylor's company maintains its current purchasing pace. That figure positions Strategy alongside spot ETF flows and miner supply as a structural force in Bitcoin's demand architecture.