TechFlow News, June 1: According to The Block, Bitcoin fell nearly to $72,000 on Monday. U.S. spot Bitcoin ETFs have recorded net outflows for 10 consecutive trading days, totaling approximately $2.97 billion. For the week ending May 25–29, U.S. spot Bitcoin ETFs saw weekly outflows of $1.42 billion, while global crypto ETPs recorded outflows of $1.67 billion during the same period.
Analysts attribute mounting market pressure to stalled accumulation by whale addresses, a decline in spot trading volume turning negative, and U.S. Treasury yields holding steady between 4.45% and 4.47%. Key macroeconomic data releases this week—including the Nonfarm Payrolls report, ISM indices, JOLTS, and ADP employment figures—will be critical indicators for shifts in market sentiment.
