Bitcoin Holds Near $73.7K Amid ETF Outflows and Weak Momentum
Bitcoin stabilizes near $73.7K with slight daily gain but faces ETF outflows and bearish technicals in a fearful market.
Bitcoin traded around $73,683 on May 29, 2026, posting a modest +0.92% daily gain but remaining under pressure with weekly losses near 4.7%. The broader crypto market reflects caution, with the Fear & Greed Index at 33 ("Fear"). Global metrics show BTC dominance steady at ~59.6%, total market cap near $2.48T, and continued outflows from spot Bitcoin ETFs.
Major headlines highlight persistent selling pressure: Bitcoin ETFs recorded another day of significant outflows, with reports of nearly $1B in liquidations over recent sessions. Despite positive macro developments like potential U.S.-Iran deal news easing oil prices and boosting traditional assets, crypto has not followed suit. Traders note Bitcoin pinned below key levels amid record long-term holder supply but buyer drought signals.