Bitcoin Tests $73K as May ETF Outflows Hit Record $4B

Bitcoin has slipped below $74,000 and is testing $73,000 support as institutional redemptions accelerate into month-end. Spot Bitcoin ETFs recorded $2.3 billion in net outflows for May—the largest monthly exit of 2026—while cumulative redemptions since May 7 exceeded $4 billion. The selloff began after early-week rebounds above $77,000 were rejected at resistance, with Coinbase premiums turning deeply negative and exchange inflows spiking. Despite continued whale accumulation of over 270,000 BTC, macro-driven rotation into stablecoins and a looming $9 billion options expiry have kept price compressed between $73,000 support and options-related resistance.