color: var(color-red-500)

by

<a href="https://jpyeur.com/btc-usd/">Bitcoin</a> Drops to $75,500 as ETF Outflows Hit Seven Days Straight

Key Takeaways:

  • Seven straight days of Bitcoin spot ETF outflows totaling $1.59B
  • May 18 single-day outflow of $648M was the largest in the streak
  • Price dropped to $75,300 before recovering slightly to $75,509
  • RSI at 37 on 4H chart, momentum firmly bearish, signal line at 48.73
  • $74,255 is the critical support, break opens CME gap near $67,000

Bitcoin’s price dipped to $75,300 this morning before rising a bit to $75,600, leaving it down 1.8% for the day. This price drop appears to be driven by large investors. For the past seven days, more money has been leaving Bitcoin exchange-traded funds (ETFs) than entering them. This has reduced the total amount of money invested in these ETFs from $58.34 billion on May 15th to $56.75 billion on May 26th – a decrease of $1.59 billion in under two weeks. Overall, the total value of all spot Bitcoin ETFs has fallen from $104.29 billion to $98.40 billion, dropping below $100 billion.

This isn’t just a temporary dip; it’s a clear pattern. Seven consecutive sessions behaving this way demonstrates a significant shift, not just random fluctuations.

What the ETF data actually shows

As a crypto investor, I’ve been watching the recent outflows closely, and the data from Sososvalue paints a pretty clear picture. It started on May 15th with around $290 million leaving, but things really escalated on May 18th with a massive $648 million in outflows – that was the biggest single-day drop we’ve seen during this period. While the outflows slowed down a bit on May 19th and 20th, and seemed to stabilize around $100-105 million on May 21st and 22nd, the recent $333 million outflow on May 26th – almost matching the May 19th level – tells me the selling pressure hasn’t really let up.

The way the price has been fluctuating is important. The large jump to $648 million on May 18th, followed by a decrease to $70-105 million, and then another increase to $333 million on May 26th, indicates that this isn’t just one investor slowly changing their mind. It appears multiple institutions are selling in stages, all reacting to the same economic factors but at different times.

Recent drops in Bitcoin investments are happening because inflation is proving stickier than expected, lessening the likelihood of quick interest rate cuts. Added to this, ongoing tensions between Iran and the US are making investors more cautious. Many institutional investors bought into Bitcoin ETFs hoping for gains in a positive market, but are now selling off their holdings as market conditions become more uncertain. This trend resulted in $1.47 billion in outflows over the week ending May 22, according to CoinShares.

What the 4H chart is showing

Looking at the 4-hour chart, the price movement matches what the ETF data shows. Bitcoin has fallen below its 50, 100, and 200-period simple moving averages (at $76,806, $78,188, and $78,469 respectively). These averages are all trending downwards and are now clustered closely together, creating a resistance area between $76,800 and $78,500. This means that for the price to recover, it would need to break through all three of these moving averages in quick succession.

The Relative Strength Index (RSI) is currently at 37, nearing oversold levels, but hasn’t reached them yet. It’s more than 11 points below its signal line, which strongly suggests a downward trend, not just a temporary pause. Historically, when the RSI is this far below its signal line on a 4-hour chart, any price increases tend to be brief unless the RSI drops to around 30 (indicating strong oversold conditions) or the signal line moves down to meet it.

Trading volume has increased on the latest price bars, particularly during periods when the price has been falling. This suggests that selling pressure is actually *increasing*, not decreasing, making this downturn more worrisome than just a temporary dip after a price increase.

The levels that matter from here

Two price points define the near-term setup.

Bitcoin recently dropped to $74,255, which now acts as a key support level. If buyers emerge at this price, it could lead to a gradual increase back towards the $76,800-$78,500 range, though this recovery would likely be capped by several downward-trending moving averages. This scenario would keep Bitcoin trading within a predictable range as larger investors either maintain their current positions or change course.

If Bitcoin closes below $74,255, the market outlook will likely shift. Traders will then start looking at around $67,000 as the next key support level. Historically, price gaps on the CME Bitcoin futures exchange – where trading happened on futures but not on the main Bitcoin market – often get filled, meaning the price usually returns to that level. A weekly close under $75,000-$76,000 would suggest the current downward trend is strengthening, making $67,000 a realistic price target.

The average purchase price for those who’ve been buying Bitcoin over the last 30 days is around $76,500. Since Bitcoin is currently trading below that price, many recent buyers are experiencing losses. These aren’t long-term investors who typically ride out price drops, which could lead to increased selling.

What to watch today

Keep an eye on two things during today’s US trading session (May 27th). First, look at the daily data on money flowing into and out of ETFs. If the outflow streak of the last seven days stops – even with a small amount of money coming in – it could mean that large investors are starting to stop selling. A significant inflow would be a stronger sign of this change. However, if money continues to flow out at the same rate as yesterday, it will confirm that the selling trend is still in place.

From my perspective, the situation between Iran and the US remains a key concern. The geopolitical risks are still weighing on investor confidence across all markets. If we see any sign of things cooling down – whether it’s a ceasefire, diplomatic talks, or any indication that a wider conflict is less likely – I’d expect to see a positive shift in crypto and stock markets as investors become more willing to take risks.

Unless something shifts, the current trend suggests Bitcoin will likely fall to around $74,255. Whether that price level can hold, and what the trading data shows at that point, will tell us if this is just a temporary dip or the start of a larger drop toward $67,000.

This article is for informational purposes only and shouldn’t be considered financial, investment, or trading advice. Coindoo.com doesn’t support or suggest any particular investment or cryptocurrency. Always do your own research and talk to a qualified financial advisor before investing.

Read More

2026-05-27 08:23