Bitcoin Plunges $5,200 to $76,800 Amid $1.5B Spot ETF Outflows Since May 7

According to CoinDesk, Bitcoin fell from $82,000 to $76,800 in recent days, a 6% decline, as U.S. spot Bitcoin ETF outflows accelerated to more than $1.5 billion since May 7, with a single-day outflow of $648 million on Monday alone. Data from Glassnode shows concurrent selling pressure across spot and futures markets, with spot cumulative volume differential dropping into negative territory and perpetual futures volume differential reaching negative $368.5 million, signaling aggressive selling by market participants. Additionally, options market hedging demand increased, with the 25-Delta skew rising from 10.9% to 14.4%, indicating elevated downside risk perception.