U.S. Spot Bitcoin ETFs Experience Net Outflows

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 30 2026

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Outflow Trend Reversal: According to SoSoValue data, U.S. spot Bitcoin ETFs recorded net outflows on May 29, ending a previous streak of inflows, indicating a potential cooling in institutional demand for Bitcoin.
Flow Analysis: The net outflow figure represents the total of inflows and outflows across all approved spot Bitcoin ETF products, reflecting a complex market dynamic where some funds experience redemptions while others attract new capital.
Market Sentiment Impact: Although a single day of outflows does not necessarily indicate a shift in the overall trend, sustained outflows could affect market sentiment, particularly against the backdrop of Bitcoin price volatility, prompting investors to interpret data cautiously.
Continued Institutional Interest: As interest in cryptocurrencies continues to evolve, market participants will closely monitor whether the outflow on May 29 extends into a longer trend or proves to be a short-term reversal, especially in light of upcoming events like the AI Summit.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC 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, BTC 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 $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	44608.737	51869.824	60068.597	67329.684	75528.457	82789.544	90988.317
Fibonacci	51869.824	57775.49	61424.017	67329.684	73235.35	76883.877	82789.544

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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