BTC Craters Below All Key EMAs: $2.63B ETF Selloff Triggers 'Sell on Rallies' to $67K

BTCUSD trades weak on ETF outflows. It has dropped to $72500 and is now trading at about $72596.

Over the ten trading days ending May 28, 2026, Bitcoin spot ETFs saw a huge flood of selling that drained about USD 2.63 billion in net outflows, so driving down the price of Bitcoin by 5.5% to around $72,600. With almost $1.91 billion in withdrawals, BlackRock's IBIT represented the majority of the outflow; then came noticeable redemptions from FBTC ($277 million) and GBTC ($215 million), as speeded up outflows between May 19 and May 28 added to pressure already building from U.S.–Iran geopolitical tensions. The consistent and widespread selling, which emphasizes how fast regulated fund flows might boost downside volatility across the larger cryptocurrency market, was among the most extreme examples of institutional retreat since the ETFs' launch.

 Major support- $72000/$70000/$67000/$64000/$60000. Minor bullishness only above $78000. Any break above targets $80000/$82000/$85890/$90000.

It is good to sell on rallies around $75000, with an SL around $78000, for a TP of $ 70000 or $67000.