Signs of institutional selling have also emerged beneath the surface...

BlackRock's IBIT saw $192.3M in outflows on May 26, extending a streak to eight days. Total US spot Bitcoin ETF redemptions top $2B since mid-May.

US spot Bitcoin ETFs lost $334M on May 26 while Ethereum ETFs shed $35M, extending the heaviest weekly outflow streak since January, per SoSoValue data.