CryptoQuant: Bitcoin Hit as Flows Reverse and Shorts Rise
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Bitcoin slid as ETF outflows, rising yields and increased short positioning undermined confidence, with CryptoQuant attributing the drop to rising exchange inflows and nearly $109.7 million in long liquidations over three days. Exchange netflows turned positive on May 11 with outflows falling to about 19,995 BTC, and Glassnode said institutional demand remains active but resistance near $86,000 is slowing momentum, indicating short-term bearish pressure for crypto and CEX liquidity.
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- Bitcoin faced renewed pressure as ETF outflows, rising yields, and liquidations weakened market confidence.
- CryptoQuant linked Bitcoin’s drop to rising exchange inflows and nearly $110M in long liquidations.
- Glassnode said institutional demand remains active, although resistance near $86K continues to slow momentum.
Bitcoin came under renewed pressure after weaker ETF flows, rising macroeconomic concerns, and increased short positioning weighed on market sentiment. CryptoQuant said the downturn also coincided with higher exchange inflows and a sharp rise in liquidations. As a result, the crypto market recorded nearly $109.7 million in long liquidations over three days.
CryptoQuant analyst Easy On Chain said exchange netflows turned positive on May 11, signaling increased Bitcoin moving onto trading platforms. He noted that Bitcoin outflows dropped to 19,995 BTC f…
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