Bitcoin Slumps to $73K as ETF Outflows Overwhelm PCE Relief

Bitcoin has consolidated near $73,000–$76,000 by late May after failing to sustain rallies above $80,000. Hot April CPI (3.8%) and PPI (6.0%) prints drove Treasury yields above 5% and triggered over $2B in spot-ETF outflows, pushing BTC’s market cap to $1.09 trillion and out of the global top 10. The in-line May 29 PCE print removed immediate downside risk but persistent redemptions and macro headwinds leave the $73k–$75k support zone critical for any recovery.