May 22: ETF Outflows Accelerate as Senate Crypto Legislation and Macro Fears Shake Markets
Brief Summary:
Bitcoin failed to hold gains above $82K and traded back into the $77K-$78K range as macro pressure and ETF outflows weighed on markets
Ethereum continued underperforming near $2,130 while traders watched major liquidation zones around the $2,000 level
CoinGlass data showed massive long liquidations across crypto markets, with Bitcoin alone seeing roughly $190 million wiped out
U.S. Bitcoin ETFs have now experienced roughly $1 billion in recent outflows as institutional demand weakens
Michael Saylor reiterated Strategy’s aggressive long-term Bitcoin accumulation plans…
The skinny
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