US Spot Bitcoin ETFs Experience Record Outflow Streak
- Record Outflow Streak: US spot Bitcoin ETFs experienced a historic nine-day outflow in late May 2026, with approximately $2.8 billion withdrawn, marking the longest streak since their launch in January 2024, indicating a significant decline in market confidence towards Bitcoin.
- BlackRock Dominates Withdrawals: BlackRock's iShares Bitcoin Trust (IBIT) accounted for about $2.04 billion of the outflows, with a notable single-day redemption of $527.84 million on May 28, nearly reaching its all-time record, reflecting a strategic reallocation by institutional investors.
- Market Pressure Factors: The outflow was driven by multiple converging factors, including geopolitical risks, capital rotation from equities, and specific pressures in the crypto market, particularly highlighted by BlackRock's first Bitcoin sale to fund a preferred stock dividend, leading to a sharp shift in market sentiment.
- Historical Context of Outflows: Despite the substantial outflows, this represents only 8% of the total net inflows during the ETFs' first year, and historical patterns suggest that such outflow streaks often indicate market bottoms rather than deeper declines, prompting investors to focus on liquidity trends rather than daily redemption figures.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI 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, AI 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 $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.016 | 0.018 | 0.0201 | 0.0221 | 0.0242 | 0.0262 | 0.0283 |
| Fibonacci | 0.018 | 0.0196 | 0.0205 | 0.0221 | 0.0237 | 0.0246 | 0.0262 |
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