Bitcoin ETFs Lose $2.9B as BTC Tests $76K

Bitcoin ETFs post $2.9B in 10-day outflows as USDT market cap drops $1.2B before BTC approaches the $76.3K resistance test.

Bitcoin exchange-traded funds recorded heavy redemptions through May 29, as spot Bitcoin ETF flows turned negative for 2025.

The reported $2.9 billion exit came during ten straight days of outflows. Market attention also moved to Tether, after USDT market value fell by $1.2 billion in 24 hours.

Traders are now watching whether Bitcoin can retest the $76,300 area, or face renewed selling pressure.

Bitcoin ETFs See Ten Days of Outflows

Spot Bitcoin ETFs lost $2.9 billion across ten straight trading days through May 29. The largest daily exit came on May 27, when redemptions reached $733 million.

The selling was led by BlackRock’s IBIT, according to the market data shared. IBIT had earlier been one of the strongest drivers of Bitcoin ETF demand.

The outflow streak pushed year-to-date ETF flows into negative territory for the first time in 2025. This showed a clear change in investor demand.

Capital also appeared to move toward artificial intelligence stocks. The shift came as the S&P 500 and Nasdaq traded near fresh highs.

ETF flows are often watched as a gauge of institutional demand. When redemptions rise, traders may see lower spot demand for Bitcoin.

Tether Market Cap Drop Draws Trader Attention

Tether’s USDT market cap reportedly fell by $1.2 billion in 24 hours. The move drew attention because USDT supply changes are watched closely.

Tether burns tokens when users redeem USDT for dollars. Because of that, some traders view supply drops as a liquidity warning.

The market commentary compared the move with a previous period in February. At that time, Bitcoin fell from near $90,000 to around $60,000.

The latest USDT decline does not confirm the same move will happen again. But it has added caution among short-term traders.

Stablecoin supply is often linked to crypto market liquidity. When supply falls, there may be less capital available for spot buying.

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Bitcoin Faces Key $76,300 Resistance Test

Bitcoin is now trading near a key technical zone, based on the shared market setup. The $73,000 to $74,000 liquidity area was described as cleared.

Analysts are watching for a bearish retest near the next shorting zone. The first major resistance level named in the setup is $76,300.

A break above $76,300 could send Bitcoin toward higher liquidity areas. That would likely keep short sellers cautious in the near term.

A rejection near $76,300 may create a lower high. That setup could open the way for renewed downside pressure.

The market remains split between a possible bottom and another leg lower. ETF outflows and USDT supply changes remain central signals.

Bitcoin traders are also tracking broader market rotation. Strong equity demand, especially in AI stocks, may keep pressure on crypto allocations.

The next move may depend on ETF flow data, stablecoin supply, and Bitcoin’s reaction near $76,300. For now, the market is focused on whether buyers can defend the recovery attempt.