[Analysis: Rising Yields on U.S. Treasuries and Developed Market Government Bonds Weaken Demand for High-Risk, Non-Yielding Assets Like Bitcoin] Deep Tide TechFlow reports on May 23, citing CoinDesk, that Bitcoin once dropped to around $74,300, hitting its lowest point since April 20, and falling approximately 10% from its recent high of over $82,500 on May 6. The report noted that U.S.-listed spot Bitcoin ETFs saw a cumulative net outflow of over $2.26 billion in the past two weeks, with $1.26 billion flowing out this week alone, marking the largest weekly outflow since January this year. Meanwhile, rising yields on U.S. Treasuries and developed market government bonds have weakened market demand for high-risk, non-yielding assets like Bitcoin.