- Bitcoin price fell to below $75,000 on Wednesday, touching $74,600.
- ETF outflows and broader market headwinds mean downside pressure remains.
- Analysts say the current price outlook includes a “dangerous divergence”.
Bitcoin briefly dipped below the $75,000 mark on Wednesday, extending losses from recent highs.
The decline came as selling pressure persisted and spot ETF outflows continued for a seventh straight session.
BTC could rebound sharply if bulls establish sustainable support near current levels. Otherwise, analysts warn that further downside may follow amid a growing divergence between market optimism and actual capital inflows.
The crypto bellwether traded around $75,175 at the time of writing, down 1.29% over the past 24 hours and nearly 3% lower for the week.
Bitcoin tests support below $75k
The week started poorly for Bitcoin as recent gains toward $78,000 evaporated amid persistent geopolitical and macroeconomic headwinds.
On Wednesday, BTC fell to an intraday low of $74,600 during Asian trading hours, testing a support zone that has intermittently held since the asset’s latest recovery.
The move coincided with continued withdrawals from spot Bitcoin exchange-traded funds.
According to SoSoValue, Bitcoin spot ETFs recorded net outflows of $334 million on May 26.
The figure marked the seventh consecutive day of net redemptions, reinforcing downward pressure on price despite periodic spot-market buying.
Bitcoin price outlook: analysts warn of “dangerous divergence”
Market participants noted that Wednesday’s decline remained relatively orderly, with volatility lower than during previous sell-offs.
Liquidity continued to cluster in the $72,000-$76,000 range, where buyers repeatedly emerged to absorb intraday selling pressure.
Still, persistent ETF outflows and profit-taking from recent highs continue to tilt the near-term outlook to the downside.
Analysts and on-chain researchers have also raised caution flags over weakening demand dynamics.
Crypto investor and analyst Axel Adler Jr. shared concerns on X about what some market watchers describe as a “dangerous divergence” between rising optimism and fading capital inflows.
That view was echoed by a CryptoQuant analyst, who argued that improving bullish sentiment has not been matched by fresh money entering the market.
“This often reflects late-stage speculative behavior: traders become optimistic after a recove
