TechFlow News, May 25: According to The Block, Bitcoin continued trading below $78,000 on Monday. In the week ending May 22, spot Bitcoin ETFs recorded net outflows of $1.26 billion—marking the second consecutive week of over $1 billion in redemptions. Nevertheless, Timothy Misir, Head of Research at BRN, stated that institutional demand has not vanished but is rotating: during the same period, the XRP ETF attracted $22 million in inflows, the Solana ETF drew $16 million, and the newly launched Hyperliquid HYPE ETF garnered $72 million—while the Ethereum ETF saw outflows of $216 million. Ethereum also faced downward pressure due to the SEC’s postponement of its tokenized stock trading initiative; however, it posted a modest rebound on Sunday amid heightened optimism surrounding the Iran deal.
On the options front, for Bitcoin options expiring on May 29, the largest open interest concentrations are at the $75,000 put and $80,000 call strikes; for Ethereum, the largest open interest concentration is at the $2,100 put strike. On the macro front, U.S. and European markets are closed for public holidays, prompting analysts to warn of low market liquidity. Should the Iran deal materialize, it could trigger a sharp decline in oil prices and push equity markets to new highs.
