Bitcoin drops to $67,287 as ETFs see $2.43B May outflow

Bitcoin fell 5.65% to $67,287 on Tuesday, its lowest level since April. The token opened at $71,305 and slid to an intraday low of $66,948 before settling near $67,287. U.S. spot Bitcoin exchange-traded funds recorded $2.43 billion of outflows in May, reversing April’s $1.97 billion of inflows.

On the Myriad prediction market, traders assigned a 52.6% probability to a drop to $55,000 and 47.4% to a rebound to $84,000. In mid-May the $84,000 outcome held about an 80% probability on that market.

Technical indicators show Bitcoin has fallen since its all-time high of $126,198 on October 6, 2025, a decline of more than 46% from that peak. The Relative Strength Index was 22.7, below the common 30 threshold used to mark oversold readings. The Average Directional Index was 30.6, above the 25 level that signals a strong trend. The 50-day exponential moving average remained below the 200-day EMA, a pattern often described as a death cross.

Traders are watching immediate resistance at Tuesday’s open of $71,305 and a stronger ceiling near $76,000. Near-term support sits in a $64,000–$60,000 range, with $55,000 the lower level priced by the prediction market. Market direction in the coming days may hinge on ETF flow updates, Federal Reserve communications and developments in U.S.-Iran tensions.

Inflation data have remained elevated and the Federal Reserve has not cut interest rates. Institutional allocations have shifted in recent weeks, with capital moving into other sectors cited as competing for flows. Market participants will monitor trading volume and momentum indicators for signs that selling pressure has eased or that further declines are beginning.