Bitcoin is weathering its ugliest week in months as narrative fades and liquidity rotates
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- Bitcoin fell 13% this week, on track for its worst week since February, according to Coin Metrics.
- Bitcoin ETFs recorded a 13‑day streak of net outflows, with assets dropping to $82.8 billion from $107.8 billion on May 14 (SoSoValue).
- Michael Saylor’s Strategy sold 32 BTC for roughly $2.5 million – its first Bitcoin sale since 2022 – to fund preferred‑stock dividend obligations.
- Crypto exchanges logged $594 million in long liquidations over a 24‑hour period after the Strategy sale, per CoinGlass.
- Alex Saunders of Citi said ETF flows explain about 45% of weekly return variation and that the Clarity Act’s uncertain passage is dimming market sentiment.
Why it matters: Investors see $594M in long liquidations and a $25B drop in ETF assets, while Strategy’s BTC sale erodes confidence, leaving Bitcoin holders and leveraged traders exposed to deeper price falls.
