Bitcoin ETFs have seen over $4 billion in outflows since May 7th. Interestingly, data from Santiment indicates that similar periods of selling in the past have often been followed by price increases. Here’s a look at what analysts are predicting.
Bitcoin exchange-traded funds have now recorded over $4 billion in total outflows since May 7.
Market experts and companies that track blockchain data have been paying attention to the recent large-scale selling activity. Santiment Intelligence specifically highlighted this trend as an important development to monitor.
As of today, Bitcoin is trading at $73,480.77, which is a decrease of 2.59% compared to its price one week ago. Trading volume for the day is currently $33.8 billion, according to CoinGecko.
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Bitcoin ETF Outflows Reach $4 Billion Amid Rising Fear
The outflow figure reflects a sharp and sustained exit from Bitcoin ETFs over three weeks.
According to Santiment Intelligence, the amount of money flowing into or out of ETFs is now a key indicator of what regular investors are thinking.
The company says that when a lot of money comes in, it usually means people are feeling positive, but when a lot of money leaves, it often indicates worry.
The data showed that times when many investors were selling often turned out to be good opportunities to buy.
A notable example involved a nearly $904 million single-day outflow in November 2025.
Santiment noted that this event occurred close to a major market low, after which prices recovered.
Santiment’s post drew attention to a recurring pattern in the data.
Significant increases in funds entering a market usually happen when prices are at their highest, while large decreases often occur right before prices start to recover.
The company reported that investors are currently very fearful and are pulling back from the market.
After three weeks of consistent selling, it seems most investors have already adjusted to the recent drop in prices.
Santiment suggests the recent outflow of money from Bitcoin ETFs could indicate that the market is close to hitting its lowest point before recovering.
Bitcoin ETFs have now seen a total of over $4 billion in withdrawals since May 7th. These ETFs are a good indicator of how regular investors are feeling about Bitcoin. When a lot of money flows *into* these ETFs, it usually means people are optimistic and demand is increasing. Conversely, large withdrawals suggest growing concern…
— Santiment Intelligence (@SantimentData) May 29, 2026
Liquidity Data Points to a Short-Side Squeeze Risk
Crypto analyst PILTR recently posted a liquidity update, noting a major mismatch in how the market is currently positioned.
The analyst reports that there are currently more levels indicating potential selling pressure (563) than those suggesting buying pressure (212).
This creates what PILTR described as a roughly $12 billion short-side imbalance.
PILTR observed that many traders are betting against the market, which increases the potential for a sudden price increase that would force them to cover their positions at a loss.
The analyst pointed out that when the price recently hit around $74,200 with $350 million in leveraged positions, it quickly led to a significant price drop.
PILTR attributed part of that move to headline-driven contradictions clearing late positioning.
The analyst has spotted significant buying interest around $76,300. There’s also substantial support between $74,800 and $75,200, with over $350 million in buy orders clustered in that range.
PILTR noted that there’s still a lot of buying pressure above the current price, but some new support is starting to form below recent lows.
$BTC liquidity / flow update
There’s a significant imbalance in the market, with roughly $12 billion more people betting against the market than betting on it. Long liquidation levels are at 212, while short liquidations are at 563, a decrease of 351.
shorts remain the crowded side and therefore carry the larger squeeze risk.
yesterday we swept a 350M single leverage level around 74.2k and…
— PILTR (@Nico_pltrs) May 30, 2026
Market Flows Show Early Signs of Stabilization
Despite the broader bearish backdrop, PILTR pointed to some improving conditions in market flows.
The cumulative volume delta is steadily increasing, and this upward trend is now being supported by perpetual futures contracts.
Trading activity is slowing down, and borrowing costs are decreasing as traders close out their long positions.
PILTR believes this situation could lead to a positive price increase before the weekend.
The analyst pointed out that trading on weekends usually involves fewer trades and prices that tend to move sideways rather than in a clear direction. However, sudden price jumps caused by quick buying or selling are still possible.
One notable structural change also surfaced in PILTR’s update.
The Chicago Mercantile Exchange is now open for trading over the weekend, which has eliminated the typical price gaps seen at the start of the week. From now on, any gaps in price will likely be due to routine system maintenance.
PILTR concluded that flows need to hold for the bullish case to stay intact.
If that happens, the analyst pointed out that there’s still more potential for gains from available funds than from buying at the current price.
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2026-05-30 11:54