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Bitcoin ETF outflows hit $1.26B in six days, signaling a potential buying opportunity, says Santiment.

Market News
23 May 2026
Crypto news
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Neutral
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US spot Bitcoin ETFs saw net outflows totaling $1.26 billion over six trading sessions from May 15 to May 22, reflecting retail investor sentiment rather than institutional moves. Santiment interprets this outflow streak as a contrarian signal, suggesting it indicates a buying opportunity rather than panic, based on historical patterns where heavy ETF withdrawals preceded strong Bitcoin rallies. Bitcoin's price dipped from a May high of $79,052 to around $75,410 during this period. However, Santiment warns that if Bitcoin falls below $74,000, this buying signal would need reevaluation.

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