Bitcoin slipped under $80,000 for the first time this week, trading at $79,938 on Friday. The move came as spot Bitcoin ETF flows turned negative for the first time in May, ending a five-day inflow streak that had buoyed sentiment. The broader crypto market was mostly unchanged, with ether also edging lower.
ETF flows flip red
Data from the morning showed net outflows from U.S. spot Bitcoin ETFs on Thursday, breaking a stretch of daily inflows that began the first trading day of the month. It's the first negative reading for May, after a strong start. The reversal caught some traders off guard, though the size of the outflow wasn't disclosed in the available data.
Bitcoin's week at a glance
Bitcoin is down 0.3% on the day, but it's still up 2.1% over the past seven days — meaning today's dip hasn't erased the week's gains. Ether gave up 0.8% to trade at $2,281. Both tokens are hovering near levels that have held for much of the week, suggesting the ETF news is a speed bump rather than a full reversal.
Markets take a breather
Aside from the ETF data, Friday's session was quiet. Trading volumes were in line with recent days, and no major regulatory or macroeconomic headlines crossed the wire. The lack of movement elsewhere suggests the ETF flow shift is being treated as a one-off — at least for now. The real test will come with next week's flow data: if outflows continue, the $80,000 level could become resistance again.
