{"id":83707,"date":"2026-06-01T08:39:43","date_gmt":"2026-06-01T01:39:43","guid":{"rendered":"https:\/\/hbbgroup.net\/bitcoin-dip-buyers-curb-selling-but-questionable-spot-futures-volumes-highlight-weakness\/"},"modified":"2026-06-01T08:39:43","modified_gmt":"2026-06-01T01:39:43","slug":"bitcoin-dip-buyers-curb-selling-but-questionable-spot-futures-volumes-highlight-weakness","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/bitcoin-dip-buyers-curb-selling-but-questionable-spot-futures-volumes-highlight-weakness\/","title":{"rendered":"Bitcoin dip buyers curb selling but questionable spot, futures volumes highlight weakness"},"content":{"rendered":"
\n

Bitcoin ETF selling overwhelmed markets again after last week\u2019s $1.42 billion outflow followed the previous week\u2019s $1.26 billion outflow.\u00a0<\/p>\n

BTC\u2019s subsequent fall to $72,500 raised concerns that the price would slip back into the $60,000 to $70,000 range that BTC was locked in during February through April, but Cointelegraph’s reporting showed spot volumes kicking in<\/span><\/a> to defend the $70,000 support.\u00a0<\/p>\n

<\/figure>\n

BTC\/USDT aggregated spot volumes. Source: Velo\u00a0<\/em><\/p>\n

Given the sizeable ETF selling, BTC inflows to Coinbase and futures market liquidations, the spot CVD data above suggests these dip buyers are not dominant.<\/p>\n

<\/figure>\n

Bitcoin exchange inflows, Coinbase. Source: CryptoQuant<\/em><\/p>\n

Open interest heatmap data, on the other hand, does show nearly $300 million of open interest concentrated in the yellow band representing $73,000 to $74,000, where traders appear to have opened new leveraged long positions.\u00a0\u00a0\u00a0<\/p>\n

<\/figure>\n

Open interest heatmap, seven-day lookback. Source: Hyblock<\/em><\/p>\n

While ETF outflows and redemptions sync with next-day BTC inflows to Coinbase exchange, and the knock-on effect of this selling is occasional long liquidations in the futures market, Hyblock\u2019s bid-ask ratio metric (set to 10% aggregate order-book depth) shows a modest bid-side dominant orderbook, reinforcing the view that traders view prices below $75,000 as discounted and are buying as a result.\u00a0<\/p>\n

<\/figure>\n

BTC\/USDT bid-ask ratio (10% depth) turns positive. Source: Hyblock<\/em><\/p>\n

The indicator ranges from -1 to +1, with values above zero indicating an increasing imbalance in the orderbook structure. <\/p>\n

The current longs perps and spot buying activity have not been sustainably sufficient enough to reverse the downtrend, but it is helping to absorb the selling and put a floor (or support) beneath Bitcoin price.\u00a0<\/p>\n

Related: <\/strong><\/em>US has seized nearly $1 billion in Iranian crypto, Treasury secretary says<\/strong><\/em><\/span><\/a><\/p>\n

Beyond the technicals, in the short-term, a fresh set of narrative catalysts and newsflow focused on a peace deal between the US and Iran, positive spot BTC ETF inflows, falling crude oil prices and perhaps a White House statement on possible new additions to the Strategic Bitcoin Reserve are needed to trigger larger spot and futures positioning in BTC.\u00a0<\/p>\n<\/div>\n

This article is produced in accordance with Cointelegraph’s Editorial Policy<\/a> and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin ETF selling overwhelmed markets again after last week\u2019s $1.42 billion outflow followed the previous week\u2019s $1.26 billion outflow.\u00a0 BTC\u2019s […]<\/p>","protected":false},"author":5,"featured_media":83708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-83707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/83707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=83707"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/83707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/83708"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=83707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=83707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=83707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}