Bitcoin ETFs Bleed Over $1 Billion for Two Consecutive Weeks! Analyst: Institutional Capital Hasn't Retreated, Just "Rotating"

📄Full Article· Automatically extracted by trafilaturaGemini 翻譯1512 words

Has the Bitcoin bull party ended? Faced with the recent string of capital outflows and price pullbacks, investors perhaps need not be overly pessimistic. Analysts point out that this round of volatility is not a large-scale institutional retreat, but rather a healthy "capital rotation"; meanwhile, variables in international geopolitics and upcoming macroeconomic data are quietly steering the next wave of the cryptocurrency market. Tens of Billions in Capital Reshuffle, Strategy Pours in Heavy Funds to Stabilize the Front With US and European markets closed for public holidays and overall trading thin, and disrupted by market rumors of a possible US-Iran agreement, Bitcoin came under pressure below $77,000 on Monday. Although it had briefly broken through $82,000 a few days earlier, Bitcoin spot ETFs saw net outflows of as much as $1.26 billion during the week of May 18 to May 22 — already the second consecutive week facing massive redemption waves exceeding $1 billion. Fortunately, the market was not without support. A report from digital asset investment institution Laser Digital noted that Strategy spent approximately $2 billion to purchase 25,000 BTC between May 11 and May 17, and this strong buying successfully stabilized the previous sell-off wave triggered by the Middle East conflict. Altcoin ETFs Become the New Favorites Timothy Misir, head of research at research institution BRN, believes that while institutional capital has been flowing out heavily, Bitcoin's price has only shown a mild decline — which is more indicative than a surface-level surge. He said: "Institutional buying hasn't disappeared; they are simply rotating capital." BRN's data confirms this view. Just as Bitcoin and Ethereum both faced redemption pressure, other altcoin spot ETFs attracted capital against the trend: XRP drew in $22 million, SOL saw inflows of $16 million, and the newly listed Hyperliquid ETF aggressively absorbed $72 million. This indicates that market capital has not exited, but is actively searching for new targets with a lower base or explosive potential. On another front, Ethereum has also recently come under pressure. Late last Friday, the US SEC announced a delay in approving the "tokenized stocks" plan, causing Ethereum's price to slide throughout the weekend. However, Laser Digital's derivatives trading desk noted that as news of the US-Iran agreement emerged, market risk appetite heated up again, driving a modest rebound in Ethereum. Options Market Reveals Clues: Demand for Downside Protection Remains High On the options market side, since Bitcoin and Ethereum spot prices are currently stuck in a narrow range of plus or minus 1%, the implied volatility for both has gradually declined. However, Laser Digital specifically mentioned that the current "Put Skew" remains expensive and is expected to stay elevated. (Note: Put Skew means the market is willing to pay higher premiums to buy bearish options/puts, indicating that investor demand for hedging and protection against price declines remains strong.) Looking at key data, May 29 will bring a major options expiration. Currently, the most concentrated open interest positions in the market are at Bitcoin's $75,000 puts and $80,000 calls, as well as Ethereum's $2,100 puts. These strike prices will become the key defensive lines for fierce bull-bear battles in the near term. Macroeconomic Disruptions: US-Iran Nuclear Deal and Heavyweight Inflation Data Squeeze In addition, macroeconomic ripples are also key in shaping the future market. Capital.com senior analyst Kyle Rodda warned that as US-Iran agreement rumors continue to ferment, investors should beware of possible gap openings and sharp volatility. Kyle Rodda analyzed that if the US and Iran do reach an agreement, crude oil prices will inevitably drop sharply, thereby easing global inflationary pressure. This will prompt the market to "reprice" risk assets, and could even push stock markets to new highs. However, thorny issues including Iran's nuclear program, the uranium enrichment dispute, and control of the Strait of Hormuz remain unresolved, and whether the agreement can be successfully implemented is still full of uncertainty. Looking ahead to this week, the market will welcome a series of heavyweight US economic data, including personal consumption expenditures, Q1 GDP, and the Fed's most-watched inflation indicator — Personal Consumption Expenditures (PCE). Multiple analysts have stated that the release of this data will determine whether Bitcoin will continue to maintain the stifling "narrow-range volatility" pattern, or break the deadlock and usher in a wave of repricing action.

Data Status✓ Full text extractedRead Original (區塊客)

🔍Historical Similar Events· Keyword + Asset Matching6 items

2026-05-29

Bitcoin ETF hits record "9 consecutive days of net outflows" bleeding $2.8 billion! Capital rotates to AI semiconductors, analysts: is the bottom near?

2026-04-20

Bitcoin ETF attracted $100 million in its first week of listing! Morgan Stanley: Cryptocurrency has entered the core of the company.

2026-05-18

Harvard retreated? Liquidated ETH ETF and slashed 43% of BTC ETF holdings in Q1 this year

Similarity 370%標的 BTC關鍵字比特幣/etf同分類 hot

2026-05-17

Harvard University's endowment slashed its Bitcoin ETF holdings by 43%, liquidated its Ethereum ETF, and TSMC became its largest holding.

Similarity 370%標的 BTC關鍵字比特幣/etf同分類 hot