Executive summary
Bitcoin enters the new week on weaker footing after a third consecutive institutional-flow shock. From May 25 to May 29, spot Bitcoin ETFs recorded $1.42 billion in net outflows, following the prior week’s $1.26 billion exit and ending the month with a clear shift away from the macro-hedge trade. Ethereum ETFs also saw $241 million in outflows, while XRP, SOL and HYPE funds remained positive, drawing $15.2 million, $2.4 million and $26 million, respectively.
Bitcoin is now trading near $73,503, with market risk rising as spot selling accelerates and roughly 8.33 million BTC sit at a loss after price contracted toward $72.9K. The macro backdrop is changing too: U.S.-Iran deal headlines have reduced demand for BTC and gold hedges, core PCE eased on a monthly basis, and the labor market remains resilient but no longer pristine. The market is repricing.
