Overview
- Spot Bitcoin ETFs saw $648.6 million in net withdrawals on Monday, the largest single‑day outflow since January 29, with BlackRock’s IBIT leading redemptions.
- Bitcoin trades near $77,000 after repeated failures around $82,000 at its 200‑day average, and weekend selling triggered about $657 million in forced liquidations as key supports near $76,000–$72,000 come into focus.
- Ethereum sits around $2,100 after early‑May deposits to Binance built sellable inventory and on‑chain data showed roughly 60 large whale addresses exiting or consolidating holdings in recent weeks.
- U.S. spot Ethereum funds have logged more than $148 million in net outflows this week and over $255 million across recent sessions, while more than $700 million in ETH long positions were liquidated over the past week.
- Analysts point to tighter macro conditions and a structural gap in spot buying, with on‑chain capital inflows around $2.8 billion and rising Treasury yields reducing appetite for non‑yielding assets.