- The price of Bitcoin fell below $75,000 on Wednesday, reaching $74,600.
- ETF outflows and broader market headwinds mean downward pressure continues.
- Analysts say current price forecasts are “seriously divergent.”
Bitcoin briefly fell below $75,000 on Wednesday, extending losses from… Recent highs.
This decline came as selling pressures continued and external flows of exchange-traded funds continued for the seventh session in a row.
BTC could rebound sharply if the bulls establish sustainable support near current levels. Otherwise, analysts warn that further declines could follow amid a growing discrepancy between market optimism and actual capital flows.
The leading cryptocurrency is trading at around $75,175 at the time of writing, down 1.29% over the past 24 hours and down nearly 3% over the week.
Bitcoin tests support below $75K
The week started off poorly for Bitcoin as recent gains of $78,000 evaporated amid continuing geopolitical and macroeconomic headwinds.
On Wednesday, Bitcoin fell to an intraday low of $74,600 during Asian trading hours, testing a support area that has held intermittently since the asset’s last rebound.
This move coincided with continued withdrawals from Bitcoin exchange-traded funds.
According to SoSoValue, Bitcoin ETFs recorded net outflows of $334 million on May 26.
This figure represents the seventh consecutive day of net redemptions, reinforcing downward pressure on prices despite cyclical buying in the spot market.
Bitcoin Price Forecast: Analysts Warn of ‘Dangerous Divergence’
Market participants noted that Wednesday’s decline remained relatively orderly, with less volatility than during the previous selloff.
Liquidity continued to accumulate in the $72,000-$76,000 range, as buyers repeatedly emerged to absorb intraday selling pressure.
However, continued ETF outflows and profit-taking off recent highs continue to tilt the near-term outlook to the downside.
Analysts and researchers on the chain have also raised caution signals over weak demand dynamics.
Cryptocurrency investor and analyst Axel Adler Jr. shared his concerns with
Bitcoin took 5 weeks to rebuild its structure.
It took 3 weeks to erase it.
Structure Shift: +0.78 -> -0.56 STH flows flipped into take loss for the first time in 6 weeks.
Now one of the levels decides the next step: $74.5 thousand.
Floor or trapdoor?
☕️ Morning Brief No. 178 👇… pic.twitter.com/92i4DG0sZ2
– Axel 💎🙌 Adler Jr. (@AxelAdlerJr) May 27, 2026
This sentiment was echoed by a CryptoQuant analyst, who argued that the improvement in bullish sentiment was not matched by new money entering the market.
“This often reflects late-stage speculative behavior: traders become bullish after the recovery, long positions increase, but actual capital participation fails to expand,” crypto analyst @MorenoDV wrote.
The analyst added that price strength built on weak inflows may remain vulnerable to severe setbacks.
Meanwhile, analysts at Bitfinex said Bitcoin’s current reaction to ETF outflows differs from previous market downturns.
“The crash that sent Bitcoin to $60,000 in February does not have the same impact on the market today. ETF outflows are at $700 million per day, close to the February readings that pushed the price from $100,000 to $70,000. This time, the price is flat. There is indefinite supply absorbing it.”
From a technical perspective, Bitcoin now appears to be caught between the risk of a deeper bounce towards $70,000 and the possibility of renewed bullish momentum.
If buyers regain control, the recent highs in the $78,000 to $83,000 range could come back into focus.
