Bitcoin underperforms risk assets as record 9th day of ETF outflows signal waning demand
Bitcoin is currently stabilizing around $73,500, which is about 10% lower than its monthly high. This decline is attributed to a lack of new buyers rather than an increase in selling pressure. Additionally, the recent outflows from Bitcoin ETFs indicate a cooling demand for the cryptocurrency.
- ▪Bitcoin is stabilizing near $73,500, about 10% below its monthly high of $81,000.
- ▪Net outflows from Bitcoin ETFs have reached a record nine-day streak, signaling waning demand.
- ▪Long-term holder supply has reached a record 15.8 million BTC, reflecting inactivity rather than new buying.
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Crypto Daybook AmericasShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin underperforms risk assets as record 9th day of ETF outflows signal waning demandYour day-ahead look for May 29, 2026By Francisco Rodrigues|Edited by Saksham Diwan, Olivier Acuna May 29, 2026, 11:15 a.m. 3 min readMake preferred on (TabTrader.com/Unsplash)What to know: This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.Bitcoin BTC$73,561.32 is stabilizing near $73,500, about 10% below its monthly high of $81,000.
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