# Bitcoin Rallies to $73k as Selling Pressure Mounts

**Published:** 2026-05-29T23:15:47.000Z  
**Topic:** Binance  
**Sentiment:** bullish  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/3b1fc7be-d920-4f1d-a9bc-2311a4e4a04b

Bitcoin reclaimed $73,000 as analysts warn of coordinated selling pressure in futures and spot markets, while ETF outflows continue to mount.

Bitcoin briefly reclaimed the $73,000 level on Friday after dipping to $72,500 earlier in the day, marking the first time it traded at that lower price since April [1]. While the rebound suggests resilience, market analysts warn that coordinated risk-off behavior across futures, spot markets, and exchange-traded funds (ETFs) indicates significant underlying weakness [1].

**Key takeaways**
*   Bitcoin regained $73,000 after dipping to $72,500, its lowest level since April [1].
*   Market analysts observed selling pressure reaching its strongest level since March, with sellers outpacing buyers by roughly $40 million per hour [1].
*   Spot Bitcoin ETFs have seen significant outflows, including an 11-day streak totaling approximately $3.45 billion, with BlackRock’s fund seeing heavy withdrawals [1, 4].
*   Volatile price swings triggered $921 million in total digital asset liquidations, with long positions bearing the majority of the losses [3].

## Derivatives and Spot Markets Signal Weakness

Market analyst J.A. Maartun noted that futures traders have been aggressive, pointing to selling pressure that has reached its strongest level since March [1]. He cited a Net Taker Volume of minus $948 million and noted that sellers were outpacing buyers by roughly $40 million per hour, a pattern typically reflecting an unwillingness from the market to absorb sell orders [1]. This spot softness was reinforced by Coinbase trading at a -0.21% discount versus Binance, which Maartun interprets as a signal that U.S. participants are selling more forcefully than counterpart liquidity sources [1].

The price volatility has been driven partly by geopolitical friction, with bitcoin reacting sharply to reports of renewed military strikes between U

## Sources
1. Metatrader — [Bitcoin Pops Above $73,000—But The Tape Screams: Selling...](https://www.metatrader.com/en/news/1696787-bitcoin-pops-above-73000but-the-tape-screams-selling-pressure)
2. CoinTelegraph — [Bitcoin hits ‘near-term selling pressure’ after rally to $76K: CryptoQuant](https://cointelegraph.com/news/bitcoin-near-term-selling-pressure-after-rally-76k-cryptoquant)
3. News — [Traders Push Bitcoin Back Above $73,000 After $352M Liquidation...](https://news.bitcoin.com/traders-push-bitcoin-back-above-73000-after-352m-liquidation-sweep/)
4. Tradingview — [BTC USD — Bitcoin Price and Chart — TradingView](https://www.tradingview.com/symbols/BTCUSD/)

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Cite as: TrendWatcher, "Bitcoin Rallies to $73k as Selling Pressure Mounts", https://www.trendwatcher.in/article/3b1fc7be-d920-4f1d-a9bc-2311a4e4a04b