Bitcoin Price Drops Below $75K as Spot ETF Outflows Top $2.2 Billion

Bitcoin (BTC) continued its downward trend on Saturday, falling to nearly $74,300 as investors accelerated withdrawals from U.S.-listed spot Bitcoin ETFs. The leading cryptocurrency touched its lowest level since April 20, according to CoinDesk market data, after losing more than 3% in the past 24 hours.

BTC is now trading nearly 10% below its recent May 6 peak of over $82,500, reflecting growing pressure across the broader crypto market. Analysts point to rising U.S. Treasury yields and increasing bond yields in major economies as key factors weakening demand for risk assets such as bitcoin.

Over the past two weeks, investors have pulled more than $2.26 billion from U.S. spot Bitcoin ETFs. This week alone recorded approximately $1.26 billion in outflows, marking the largest weekly withdrawal since January. The previous week also saw nearly $1 billion leave the funds, highlighting a sharp shift in investor sentiment.

Higher bond yields are making traditional fixed-income investments more attractive compared to non-yielding assets like bitcoin. As a result, institutional investors appear to be reallocating capital away from cryptocurrencies and toward safer or higher-return opportunities.

At the same time, commodity markets are attracting strong speculative inflows. Oil, copper, and sulfur prices have gained momentum as traders respond to concerns over possible supply disruptions linked to tensions involving Iran and the Strait of Hormuz.

Some market observers also believe investor attention is shifting toward SpaceX’s expected IPO. Blockchain-based pre-market derivatives connected to the company have already generated millions of dollars in trading activity across decentralized platforms.

The combination of ETF outflows, rising yields, geopolitical uncertainty, and alternative investment opportunities continues to weigh heavily on bitcoin price action, increasing volatility across the cryptocurrency market in 2026.