Bitcoin Price Falls to $76K as ETF Outflows and Weak Demand Pressure Market

Bitcoin dropped to its lowest level since late April, sliding to nearly $76,000 and wiping out all gains made earlier in May. The decline came after more than $1 billion in net outflows from US spot Bitcoin exchange-traded funds, increasing concerns about weakening institutional demand and growing macroeconomic pressure.

ETF outflows and macro concerns weigh on Bitcoin price

Bitcoin briefly touched $76,011 during Monday trading, falling below key technical levels including the 21-week exponential moving average and the bull market support band. Analysts say weaker capital inflows are reducing momentum, with monthly inflows around $2.8 billion, well below the $10 billion levels often linked to stronger bull markets.

Market participants are also watching CME futures price gaps near $79,000, $84,000 and $67,000 as possible short-term trading targets.

At the same time, macroeconomic pressure continues to build. Rising US bond yields and renewed attention on the Japanese yen carry trade have added uncertainty to risk assets. Traders are closely monitoring the USD/JPY pair near the 160 level, where central bank intervention concerns could influence broader financial markets and crypto sentiment.