is facing intensified pressure from sellers. In the last ten trading sessions, institutional investors have pulled almost $3 billion from Bitcoin ETFs. This historical streak comes on the backdrop of a significant Bitcoin price decline.
The BTC price hovers around the $72,500–$73,400 level. While Wall Street appears to be leaving BTC behind, they are turning to the AI euphoria as macro conditions put pressure on the BTC price.
Bitcoin ETF Outflows Hit Record
The numbers are hard to ignore. U.S. spot Bitcoin ETFs logged a tenth consecutive day of outflows on Friday, with $2.97 billion drained between May 15 and May 29, according to SoSoValue data. The streak broke the previous record of eight consecutive outflow sessions set in early 2025.
BlackRock’s iShares Bitcoin Trust (NASDAQ:) led with $966 million in weekly outflows for the week ending May 29, bringing its cumulative net inflow record to $63.81 billion. Grayscale Bitcoin Trust (NYSE:) shed another $175 million on the week.
The largest single-day pressure came on May 27, when BlackRock’s IBIT alone lost $527.8 million, followed by $177.9 million on May 28, and $68.2 million on May 29.
Total Bitcoin ETF net assets fell to $94.17 billion, with cumulative net inflows since launch at $55.66 billion. Spot Ether ETFs posted $241 million in net outflows, marking a third consecutive week of negative flows and a 14-day losing streak by Friday’s close.
The scale of the exodus is notable for another reason. BTC-focused ETFs recorded $1.42 billion in outflows last week. This is the third consecutive weekly outflow of over $1 billion. May also closed with the largest monthly outflow in 2026, $2.43 billion.
Why Is Capital Leaving Bitcoin ETFs?
While Bitcoin bleeds, traditional markets are booming. The surging AI and semiconductor trade are seeing the most capital inflow. The MSCI All Country World Index gained 0.2% on Monday. Asian equities advanced 1.1% to an all-time high.
rose 0.6% after Nvidia said it would enter the Windows laptop market. would now be a direct competitor of and . Meanwhile, SoftBank Group jumped as much as 11% on its OpenAI and Arm Holdings (NASDAQ:). The rising price of also adds more pressure to the BTC price.
BTC Price Struggles Around $72,500
The price action reflects the outflow pressure. Bitcoin fell 6.11% over the past seven days to $72,590, per CoinMarketCap. The $72,500 level has emerged as a critical battleground.
Bulls are attempting to defend it as a near-term floor, while the relentless ETF outflows and macro uncertainty are applying constant downward pressure.
Should this level break convincingly, the next significant support zone sits closer to $68,000–$70,000. This BTC price region is popular for being where long-term holders have historically stepped in.
Technical Indicators Are Bearish
The near-term technical BTC outlook is bearish. Indicators from Investing.com show 1D and 1W timeframes are showing strong bearish signals. The 14D RSI (33.65) on the daily chart has been trending downward.
The MACD (12,26) indicator is very bearish. It indicates that the short-term momentum is still negative. Price is trading in uncharted territory near several major support areas and is starting to converge on a moving average.
For traders, the key levels to watch are $72,000–$72,500. The resistance level at $76,000 is key to an upside move. If BTC price fails to clear $72,000 on high volume, it will likely end up in the $68,000 area. But if Bitcoin holds $72,500, it could reclaim $76,000 soon.