Bitcoin Cracks $75K as $1.3B ETF Exodus and Middle East Jitters Spook Bulls; Bears Eye $70K

BTCUSD trades weak on Middle East geopolitical tension uncertainty. It has dropped to $75191 and is now trading at about $75727.

From May 18 to May 22, 2026, Bitcoin exchange-traded funds lost around $1.3 billion, their most extreme outflow run since late January as institutional investors flocked for the exits in response to hawkish Federal Reserve repricing and Bitcoin's decline below $80,000. The selling weighed most on BlackRock's IBIT, which alone contributed the largest redemptions, including a remarkable $771.2 million outflow on May 19, the greatest single-day exit across all funds that day and a major driver of the ETF's negative AUM performance. With cumulative 14-day outflows totaling $2.26 billion by May 24, the destruction went beyond the headline five-day period to highlight a major institutional rotation away from crypto exposure as economic headwinds and profit-taking came together to challenge the resilience of the spot Bitcoin ETF complex.

 Major support- $74000/$73290/$70000/$67000/$64000/$60000. Minor bullishness only above $78000. Any break above targets $80000/$82000/$85890/$90000.

It is good to sell on rallies around $76900-77000 with SL around $80000 for a TP of $70000.