BTCUSD trades weak on ETF outflows.lost its shine on Middle East tension escalation and weak institutional demand. It has dropped to $72622 and is now trading at about $73437.
Based on Bitbo/ETF tracking data, U.S. spot Bitcoin ETFs continued their recent run of institutional selling during the trading week from May 21–28, 2026, losing a total of USD 703.6 million or around 115 BTC across the two stated sessions. Following a lesser but still substantial USD 186.3 million withdrawal on May 26, funds lost USD 517.3 million (–59.1 BTC), their biggest single-day departure in weeks, on May 27. Following a volatile month that already saw a record USD 635 million outflow on May 13—the highest since January's five-day losing run of over USD 1.72 billion—and only a brief relief with little USD 3.3 million inflows on May 15, the renewed selling pressure emphasizes poor attitude among institutional allocators despite market attempts to stabilize.
|
Technicals |
CMP -$73500 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$75857 |
CMP<55 EMA |
Bearish |
|
200- EMA |
$76963 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$76282 |
CMP<365 EMA |
Bearish |
Major support- $72000/$70000/$67000/$64000/$60000. Minor bullishness only above $78000. Any break above targets $80000/$82000/$85890/$90000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-138.01 |
|
ADX |
Neutral |
Strength increased from 24.36 to 28.67 |
It is good to sell on rallies around $75000, with an SL around $78000, for a TP of $70000/$67000.
