[Analysis: Exchange Net Inflows and ETF Outflows Create Potential Selling Pressure of 34,000 BTC, Bitcoin Needs Spot Buying Support to Break $80,000] BlockBeats News, May 26, crypto analyst Axel Adler Jr. stated that although BTC recently reclaimed the $77,000 level, exchange net inflows and continued outflows from spot ETFs are still creating localized selling pressure in the market. Data shows that over the past week, BTC exchange net inflows amounted to approximately 18,000 BTC, indicating that more BTC is being transferred to exchanges in preparation for selling. At the same time, U.S. spot Bitcoin ETFs saw net outflows of about 16,000 BTC during the same period. Combined, these two figures represent a potential selling pressure of approximately 34,000 BTC. Glassnode data further reveals that daily trading volume for spot BTC ETFs has dropped below $20 billion, compared to a peak of over $50 billion by the end of 2025, reflecting a cooling of speculative demand through traditional financial channels. However, market sentiment has recently improved due to expectations of progress in the U.S.-Iran peace agreement. After falling below $75,000, BTC quickly rebounded to around $77,800. Derivatives data indicates that this rally was primarily driven by short covering. BTC's total open interest (OI) dropped from approximately 268,000 BTC to 250,000 BTC before slightly recovering, while funding rates also cooled, suggesting a decrease in leveraged long positions. Analysts believe that for BTC to further challenge the $80,000 level, it will still require synchronized growth in spot demand and open interest. [Original Link]