Bitcoin ETFs saw nearly $1 billion in weekly outflows, marking the largest withdrawals in 15 weeks, with BlackRock’s IBIT leading the selling through client redemptions that triggered Bitcoin sales.
The week included heavy outflows on May 12–13, a short inflow on May 14, and renewed selling on May 15 as Bitcoin traded around $79K amid hot CPI data and shifting flows into gold ETFs.
Despite the volatility, analysts say this appears to be short-term retail profit taking near the $80K moving average rather than a broader market exit, especially as ETFs still hold massive BTC reserves built from more than $59B in total inflows since launch. $BTC #BTC #BTC Price Analysis# #BTC100K