Analysis: Bitcoin Drops Near $72,000 as Institutional Funds Flow Out Consecutively, Weighing on Market Sentiment
According to The Block, Bitcoin fell nearly to $72,000 on Monday. U.S. spot Bitcoin ETFs have recorded net outflows for 10 consecutive trading days, totaling approximately $2.97 billion. For the week ending May 25–29, U.S. spot Bitcoin ETFs saw weekly outflows of $1.42 billion, while global cryptocurrency ETPs recorded $1.67 billion in outflows during the same period.
