According to CoinDesk, on May 19, Bitcoin plunged from $82,000 to $76,800, a 6% decline. Spot Bitcoin ETF outflows accelerated, with U.S. ETFs recording over $1.5 billion in redemptions since May 7, including $648 million on Monday alone—the highest daily outflow since January 29. Glassnode data showed concurrent selling pressure in both spot and futures markets: spot trading volume differential dropped to negative $126.2 million, while perpetual futures volume differential fell to negative $368.5 million, indicating aggressive liquidation by sellers across venues.
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