Bitcoin ETFs posted $1.25 billion in weekly net outflows.
\nBTC must clear $78,152 to sustain bullish momentum.
\nStrategy paused Bitcoin purchases despite holding 843,738 BTC.<\/p>\n
Bitcoin (BTC) continued to trade near the $77,000 level on Monday amid growing institutional outflows against improving macro sentiment and rising demand from spot buyers.<\/p>\n
The world\u2019s largest cryptocurrency was up 0.5% over the past 24 hours, trading at $77,182 at press time, slightly outperforming the broader crypto market.<\/p>\n
The slight rebound pushed BTC\u2019s price closer to a major resistance zone near $78,000, a level that traders are watching closely after weeks of volatile price action and heavy selling pressure from spot exchange-traded funds.<\/p>\n
The market is reacting to easing geopolitical tensions after US President Donald Trump said a potential agreement with Iran was \u201clargely negotiated,\u201d reducing fears of a wider Middle East conflict.<\/p>\n
Institutional demand for Bitcoin ETFs weakened sharply over the past week, with spot Bitcoin ETFs recording roughly $1.256 billion in net outflows between May 18 and May 22, according to CoinGlass data<\/a>.<\/p>\n Several of the largest withdrawals came from products linked to BlackRock and Fidelity, two firms that played a major role in driving institutional adoption after spot Bitcoin ETFs launched in the United States in early 2024.<\/p>\n The outflows added to concerns that institutional appetite for BTC exposure may be cooling as investors rotate capital toward other sectors, particularly artificial intelligence and semiconductor-focused investments.<\/p>\n At the same time, Strategy, formerly known as MicroStrategy, has paused its aggressive Bitcoin buying campaign this week.<\/p>\n Nevertheless, the company still holds 843,738 BTC, making it the largest corporate Bitcoin holder globally, but it chose to buy bonds instead of adding more Bitcoin to its treasury.<\/p>\n The move attracted attention across the crypto market because Strategy and executive chairman Michael Saylor have been among Bitcoin\u2019s strongest corporate supporters over the past several years.<\/p>\n Meanwhile, BlackRock CEO Larry Fink adopted a more measured tone while discussing Bitcoin\u2019s role in institutional portfolios.<\/p>\n Although Fink highlighted the success of Bitcoin ETFs, his recent comments reflected a more cautious stance compared to earlier bullish statements.<\/p>\n Still, not all institutional activity turned negative. El Salvador added another eight Bitcoin to its national reserves, extending the country\u2019s long-running accumulation strategy under President Nayib Bukele.<\/p>\n Even with ETF outflows accelerating, Bitcoin managed to hold above key support levels as capital continued rotating away from smaller cryptocurrencies and into BTC.<\/p>\n Market data shows Bitcoin outperforming much of the altcoin market<\/a> during the latest recovery.<\/p>\n At the same time, derivatives activity has increased sharply, with open interest in perpetual futures contracts jumping 11.44% within 24 hours, signalling rising leveraged positioning among short-term traders.<\/p>\n That increase in leverage amplified Bitcoin\u2019s move higher but also raised the risk of sharper volatility if macroeconomic data or market sentiment shifts suddenly.<\/p>\n Technical indicators currently present a mixed picture for Bitcoin\u2019s short-term outlook.<\/p>\n Data from 23 technical indicators<\/a> shows four buy signals and nine sell signals, leaving the broader short-term trend tilted bearish despite the latest rebound.<\/p>\n The most important resistance level sits at $78,152. Bitcoin needs a decisive close above that level to sustain upward momentum and target the next resistance near $79,331.<\/p>\n On the downside, immediate support stands at $76,773. A breakdown below that level could expose Bitcoin to deeper losses, especially if traders begin unwinding leveraged positions.<\/p>\n The 14-day Relative Strength Index currently stands at 47.70, suggesting neutral conditions rather than an overheated market.<\/p>\n\n Moving averages also continue signalling caution.<\/p>\n The Bitcoin price currently trades above only two of the five major exponential moving averages, while remaining below the long-term 200-day EMA, a level many traders use to assess broader market direction.<\/p>\n Analysts are also watching the 61.8% Fibonacci retracement level near $76,590, which has emerged as another important support area during the latest consolidation phase.<\/p>\n The post Bitcoin price prediction: BTC faces critical resistance at $78,000 as ETF outflows mount<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin ETFs posted $1.25 billion in weekly net outflows. BTC must clear $78,152 to sustain bullish momentum. Strategy paused Bitcoin purchases despite holding 843,738 BTC. Bitcoin (BTC) continued to trade near the $77,000 level on Monday amid growing institutional outflows against improving macro sentiment and rising demand from spot buyers. The world\u2019s largest cryptocurrency was […]<\/p>\n","protected":false},"author":0,"featured_media":7415,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-7414","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/7414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=7414"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/7414\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/7415"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=7414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=7414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=7414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin dominance rises as traders rotate out of altcoins<\/h2>\n
Technical indicators point to a critical resistance zone<\/h2>\n