Overview
- Bitcoin slipped into the $76,000 range after President Trump warned Iran on Sunday night, and exchanges then cleared more than $670 million of long positions.
- U.S. spot Bitcoin ETFs saw about $1 billion leave in the week ending May 15, reversing a six‑week streak of inflows, with another $290.4 million withdrawn Friday.
- The 10‑year Treasury yield reached 4.63%, which raised borrowing costs and steered big investors away from risk, a shift that fed into ETF redemptions.
- Traders said $77,000 is the line to defend, and a clean loss could open retests near $75,000 to $70,000 unless flows stabilize.
- Broader crypto weakened as Ethereum, XRP and Dogecoin fell up to 4% and sentiment slid into fear, and analysts are watching this week’s ETF data for signs of a rebound.