According to The Block and SoSoValue data, Bitcoin spot ETFs recorded $277 million in net outflows on Friday (May 9), ending a five-day inflow streak that had totaled $1.69 billion. Spot ether ETFs posted $104 million in outflows the same day, with no funds recording positive flows.
The reversal coincided with renewed Iran-U.S. tensions. Iranian officials accused Washington of violating ceasefire terms, with reports of fresh strikes near the Strait of Hormuz pushing crude oil higher and unwinding earlier gains in risk assets. Meanwhile, April’s employment report showed the U.S. economy added 115,000 jobs—nearly double the consensus forecast of 62,000—yet failed to resolve broader macro uncertainty. Bitcoin traded under $80,000 as market participants remained cautious amid geopolitical risks and persistent energy-driven inflation concerns.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Michael Saylor: CLARITY Act Will Drive Digital Capital and Bitcoin Institutional Adoption on May 12
According to PANews, Michael Saylor stated on May 12 that the U.S. Congress-backed CLARITY Act will unlock the next phase of digital capital, digital credit, and digital equity markets while establishing stronger institutional legitimacy and adoption frameworks for
GateNews3m ago
Azerbaijan's Ceyhan Port Sets BTC Crude Oil Exports at 15.78M Barrels for June
According to scheduling information, Azerbaijan's Ceyhan port set BTC crude oil exports at 15.78 million barrels for June and 15.67 million barrels for May.
GateNews9m ago
Bitdeer Produces 783 BTC in April, Up 372% Year-over-Year; Hash Rate Hits 65.5 EH/s
According to ChainCatcher, Bitdeer produced 783 BTC in April 2026, up 372% year-over-year, according to its April operations report. The company's self-operated hash rate reached 65.5 EH/s, representing a 400% year-over-year
GateNews15m ago
Bitcoin Bear Market Shallower Than History, Analysts Debate Structural Shift
Bitcoin's current bear market drawdown of approximately 36% from its October all-time high of $126,080 is shallower than historical cycles, which have seen declines of 40% to 50%, according to CoinGecko data cited in recent analysis. Trading at around $80,500 at the time of writing, Bitcoin has
CryptoFrontier35m ago
Bitcoin Surges to $83,000 Amid $10B Open Interest Spike, Signals Leverage-Driven Rally
According to Wintermute's weekly market summary, Bitcoin broke through $80,000 to reach $83,000 this week, marking its first close above the 200-day moving average in seven months. However, the rally is primarily leverage-driven: open interest surged $10 billion in a single month while spot
GateNews1h ago
ETH/BTC Ratio Hits 10-Month Low at 0.02835, Down 35% From August Peak
According to CoinDesk, the ETH/BTC ratio fell to 0.02835 on Tuesday, marking its lowest level in 10 months. The ratio has declined more than 35% from its August 2025 peak of 0.04324, with Ethereum dropping over 2% and Bitcoin falling about 1% on the day. The ratio now trades well below the
GateNews1h ago
