Bitcoin has shed $5,000 within days. ETF flows, derivatives say the selloff could worsen

Bitcoin has fallen about 6% from $82,000 to $76,800, and underlying data point to the drop being more than a routine pullback.

By Omkar Godbole

What to know:

Bitcoin has fallen about 6% from $82,000 to $76,800, but underlying data point to more than routine pullback.

U.S.-listed spot bitcoin ETFs have seen over $1.5 billion in outflows since May 7, signaling sustained institutional selling pressure.

Trading metrics show aggressive selling in both spot and futures markets and rising demand for protective put options, indicating growing concern about a deeper price decline.