Bitcoin Spot ETF Outflows Reach $1.42B This Week, BTC Falls to $72,500

BTC0.39%
According to BlockBeats, on May 31, Bitcoin spot ETF outflows reached $1.42 billion this week following a $1.26 billion outflow the prior week, pushing BTC to $72,500. On-chain data shows buyers are accumulating near $70,000, absorbing some selling pressure, though the buying volume remains insufficient to reverse the downtrend. In derivatives markets, traders added approximately $300 million in leveraged long positions between $73,000 and $74,000, while the order book bid-ask ratio turned positive, indicating perceived value below $75,000.
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