Bitcoin Falls to Five-Week Low as U.S. ETF Outflows Add Pressure

Bitcoin fell to a five-week low below $73,000 after earlier dropping under $75,000, as heavy U.S. spot Bitcoin ETF outflows, derivatives pressure, and long liquidations intensified the selloff. On May 27, U.S. spot Bitcoin ETFs recorded $733 million in net outflows, with BlackRock’s IBIT accounting for about $527.82 million to $528 million, described as the fund’s largest outflow since inception. Earlier reporting cited Bitcoin at 74,999.9 USDT, down 2.47% in 24 hours, with about $150 million in long positions liquidated. Morgan Stanley’s MSBT posted the largest reported net inflow at $4.29 million. Total net assets for the U.S. spot Bitcoin ETF segment stood at $96.45 billion, while cumulative net inflows reached $56.02 billion. The decline was also linked to weak market sentiment, broader geopolitical risk including escalating Iran-US conflict tensions, and expectations that possible Federal Reserve rate hikes could tighten liquidity.

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