BlackRock iShares Bitcoin Trust Sees Record $2.43B Outflow
- Record Outflow Amount: The BlackRock iShares Bitcoin Trust experienced a staggering $2.43 billion in net outflows over nine consecutive sessions in May 2026, marking the largest single-day redemption event since its January 2024 launch, indicating heightened risk-off sentiment in the market towards high-volatility assets.
- Bitcoin Transfer Confirmation: During the outflow period, approximately 6,005 BTC, valued at around $403 million, was transferred from IBIT-linked custody wallets to Coinbase Prime, providing direct on-chain confirmation of the redemption mechanics and exacerbating market sell pressure.
- Institutional De-risking Trend: The outflow impacted not only IBIT but also other institutional funds like Fidelity's FBTC and Grayscale's GBTC, indicating a broader trend of institutional de-risking, even as US spot Bitcoin ETFs recorded nearly $2 billion in net inflows year-to-date.
- Market Support Level Analysis: Bitcoin's price has hovered around the critical support level of $63,000, with a potential drop below this threshold likely triggering further selling; market direction will depend on the clarity of macroeconomic indicators, particularly CPI data and Fed policy signals.
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Technical Analysis for JST
Technical Sentiment Analysis for JUST (JST). As of , JUST (JST) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for JST stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, JST is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
JUST (JST) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0605 | 0.0665 | 0.0724 | 0.0785 | 0.0844 | 0.0904 | 0.0963 |
| Fibonacci | 0.0665 | 0.0711 | 0.0739 | 0.0785 | 0.083 | 0.0859 | 0.0904 |
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