Apart from a brief rally up to $78K, the $BTC price is continuing to make its way lower. What is certainly a bearish factor weighing on price is the persistent outflow from the Spot Bitcoin ETFs. With the last 6 days resulting in negative outflows, what chance does Bitcoin have to buck this downtrend?
7th straight day of ETF outflows
Source: Coinglass
A total of just over 24K BTC leaving the U.S. Spot Bitcoin ETFs over the last 7 trading days does not instil a lot of confidence into Bitcoin investors. Will this have the effect of forcing the $BTC price down into the last stage of this bear market?
A pattern forming that could take $BTC up to $81K?
Source: TradingView
It doesn’t seem that long ago that the $BTC price was vying strongly to break out above the bear flag, a feat that would have been incredibly bullish had it succeeded. Instead, rejection was the final decision, and the price has been steadily moving lower ever since.
The price has flipped to the outside of t
We współpracy z: https://cryptodaily.co.uk/2026/05/bitcoin-sinking-amid-persistent-etf-outflows-more-pain-ahead
