On May 27, BlackRock’s iShares Bitcoin Trust logged $527.8 million net outflow, accounting for 72% of the $733.4 million pulled from Bitcoin spot ETFs that day. The broader crypto market fell 1.66% to $2.43 trillion, triggering $889 million in long liquidations and dragging Bitcoin 6.9% lower to $73,089.
On May 27, IBIT recorded a net outflow of $527.8 million, representing 72% of the $733.4 million total outflows from Bitcoin spot ETFs that day. This marks one of the largest single-day withdrawals from the fund since its launch, highlighting significant investor repositioning.
The total crypto market cap declined 1.66% to $2.43 trillion, triggering approximately $889 million in long position liquidations across leveraged trades. Bitcoin dropped 6.9% from its recent high to $73,089, slipping between its 0.5 and 0.618 Fibonacci retracement levels as selling intensified.
Heavy outflows from IBIT and other spot Bitcoin ETFs fueled forced liquidations, with Bitcoin alone accounting for $326.6 million of the $889 million wiped from long positions. This overleveraged environment has heightened market volatility and may influence future ETF flow dynamics.
