Bitcoin rallies through $77K despite spot BTC ETF outflows topping $2B

Written by Marcel Pechman, Staff Writer. Reviewed by Ray Salmond, Staff Editor. Written by Marcel Pechman, Staff Writer. Reviewed by Ray Salmond, Staff Editor. Bitcoin rallies through $77K despite spot BTC ETF outflows topping $2BMarketsPublishedMay 20, 2026Bitcoin finds footing above $77,000 despite investors’ worry over BigTech earnings results and billion-dollar outflows from the BTC ETFs. Key takeaways:$2 billion in spot Bitcoin ETF outflows spark downside fears, but this metric is typically backward-looking.A sustained discount on stablecoins in China signals broad capital flight from cryptocurrency markets.Bitcoin (BTC) reclaimed $77,000 on Wednesday as broader risk markets saw modest relief after Brent crude prices retreated below $108. However, large outflows from spot Bitcoin exchange-traded funds (ETFs) have forced traders to reassess the odds of further downside risk, especially amid lingering fears of a global economic downturn.Russell 2000 Index futures (left) vs Bitcoin/USD (right). Source: TradingViewBitcoin's price action closely tracked the US small-cap stock index, hinting that macroeconomic factors are currently driving the move. The Russell 2000 Index excludes the 1,000 largest companies, shielding it from the heavy concentration of tech stocks.Outflows from US-listed spot Bitcoin ETFs totaled $2 billion in the seven days leading up to Tuesday, sparking fears of a deeper price correction below $75,000.US-listed spot Bitcoin ETF daily net flows, USD. Source: SoSoValueTraders are now turning their attention to the artificial intelligence sector, with Nvidia (NVDA US) scheduled to drop its quarterly results after the US market close. According to Yahoo Finance, investors fear that competition from AMD (AMD US), Amazon (AMZN US) Google (GOOG US) are closing in.Stablecoin flows in China reveal weak demand for cryptoRegardless of Wednesday's Nvidia earnings, stablecoin flows in China reveal a distinct lack of investor appetite for cryptocurrenci…

Bitcoin rallies through $77K despite spot BTC ETF outflows topping $2B

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