Bitcoin hovered around $73,660 on Friday as whale outflows surged to their highest level since February, adding to near-term selling pressure. The cryptocurrency was last trading near the $73,660 mark.In the past 24 hours, Ethereum and Bitcoin have risesn 1.90% and 1.06%, respectively. Among the major altcoins, BNB, XRP, Solana, Dogecoin, Hyperliquid and Cardano gained upto 6.98%, whereas Tron fell 4.12%.Also Read | Equity mutual funds deliver up to 17% return in May led by international funds. Should you go global? Crypto TrackerTOP COINS (₹) 125 (1.1%)191,584 (0.01%)7,011,148 (-0.57%)60,720 (-0.6%)95 (-0.73%)Akshat Siddhant, Lead quant analyst, Mudrex, said on-chain data shows whale outflows have reached 648,000 BTC, the highest since February, adding to near-term selling pressure and on the other hand, Ethereum is gaining retail interest with “buy the dip” narratives surged after ETH lost the $2,000 level.The global crypto market capitalisation inched up 0.58% to $2.47 trillion, according to CoinMarketCap. The fear and greed index has further slipped to 33 as the sentiments are turning more fearful and ETH whales holding at least 100K have accumulated 17.41 ETH, a 9-week high representing 22% of the entire supply, as prices fall, said CoinDCX Research Team.WazirX market’s desk said Bitcoin trades around $73,091, holding a key $73,000–$75,000 support zone driven by long-term holder accumulation, ETF inflows, and falling exchange reserves. Driven by these advancements, on-chain trading platforms recorded nearly $245 billion in activity, highlighting surging user participation and continued growth across decentralised trading infrastructure and digital asset ecosystem, WazirX market’s desk said.In the past week, Bitcoin and Ethereum were down 4.81% and 5.30%, respectively. Among the major altcoins, BNB, XRP, Solana, Tron, Dogecoin and Cardano fell upto 7%, whereas Hyperliquid was up 6.16%.Avinash Shekhar, Co-Founder & CEO, Pi42 said Bitcoin is trading below the $74,000 level as broader market sentiment remains cautious despite renewed discussions around a potential U.S.–Iran deal and continued pro-crypto messaging from the Trump administration and the muted reaction suggests that macro uncertainty and ongoing distribution activity are currently outweighing positive headlines in the near term.Also Read | MF Tracker: Parag Parikh Flexi Cap Fund turns Rs 10,000 SIP to over Rs 51 lakh in 13 years. Too late to invest?Here is what other analysts sayRiya Sehgal, Research Analyst, Delta Exchange: The pressure is mainly coming from weak risk sentiment after the latest U.S.-Iran escalation, higher crude oil prices, continued ETF outflows, and heavy positioning in derivatives.Vikram Subburaj, CEO, Giottus: Bitcoin traded near the $73,000-$74,000 range on May 29 as the market remained in consolidation mode. Buyers were unable to push prices above key resistance levels seen earlier this month. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.