Institutions are frantically fleeing, can't Bitcoin hold up?


On May 19th, the US Bitcoin spot ETF saw a single-day net outflow of $649 million, hitting a new high since the end of January, with major institutions like BlackRock and Fidelity leading the way in cutting losses for three consecutive days.

What's even worse is that over 72k BTC have been dumped into exchanges in the past two days, instantly fueling panic.
Dragged down by the sharp decline in US tech stocks, BTC has already fallen below $77,000, and the entire market is gradually dropping!

The current situation favors the bears; don't blindly buy the dip.
Next, keep an eye on the 76,148 support level—if it breaks, there's more room to fall;
If you want a rebound, it must strongly rise back above 78,748! $BTC #TradFi交易分享挑战
BTC0.65%
View Original
What price will Bitcoin hit in May?
↓ 75,000
1.59x
63%
↓ 70,000
6.67x
15%
$1.83M Vol+18 more
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • 5
  • Share
Comment
Add a comment
Add a comment
TheReflectionUnderTheNeon
· 3h ago
Traditional finance's tech stocks crashed, and crypto followed the unlucky ones.
View OriginalReply0
ColdWalletUnderTheAurora
· 5h ago
If this wave of decline can V-reverse afterward, that would really be interesting.
View OriginalReply0
GateUser-3e850c21
· 6h ago
Just charge forward 👊
View OriginalReply0
GateUser-3e850c21
· 6h ago
Just charge forward 👊
View OriginalReply0
Stop-LossLineForTheEveningGlow
· 6h ago
72k BTC dumped, who can withstand this selling pressure?
View OriginalReply0
MevStreetPhotographer
· 6h ago
BlackRock and Fidelity are both pulling out, retail investors are still rushing in to take the hit?
View OriginalReply0
GaslightPoet
· 6h ago
If 76148 can't hold, the next support level directly looks at 70k.
View OriginalReply0
GateUser-6da8ed4c
· 6h ago
Wait until you stabilize above 78,748 before considering more; for now, just observing.
View OriginalReply0
GateUser-744c843b
· 6h ago
ETF funds have been fleeing for three consecutive days; this signal is clear enough, don't be stubborn.
View OriginalReply0
View More
  • Pinned