US spot Bitcoin ETFs have recorded approximately $1.26 billion in cumulative net outflows over the past six trading days, with Bitcoin now trading around $74,720 after failing to hold above $80,000 in May. The scale of the redemptions has intensified bearish sentiment across crypto markets — but crypto analytics platform Santiment is making a contrarian case: that the outflows may represent a buying opportunity rather than a warning sign. Santiment's contrarian read: retail impatience, not smart money exits Santiment argued in a recent report that ETF fund flows reflect retail sentiment more than changes in institutional or smart money positioning. In the firm's view, the current wave of outflows is being driven by retail investors losing patience after Bitcoin's failure to sustain a move above $80,000 — not by the kind of coordinated institutional exit that typically precedes deeper structural declines. The firm noted that historically, sustained ETF outflows have often corresponded to phases that are "suitable for patient accumulation" rather than genuine market panic — periods where surface-level selling pressure masks underlying demand from longer-term holders who are quietly absorbing supply at depressed prices. If Santiment's framework is correct, the current outflow wave — however alarming in headline terms — may be closer to a sentiment washout than a structural breakdown, creating the conditions for a recovery once retail sellers are exhausted. The mainstream view: outflows signal further downside Santiment's contrarian interpretation diverges sharply from the consensus. Most analysts continue to treat sustained spot Bitcoin ETF outflows as a reliable indicator of weakening institutional sentiment and a precursor to further price pressure. The ETF holder base, which entered primarily through the 2024 and 2025 inflow waves, has a well-documented tendency to sell aggressively when prices approach their average cost basis — a dynamic K33 Research identified as a key driver of the current outflow acceleration near the $83,000 breakeven level for many ETF holders. With Bitcoin now at $74,720 — below the $76,000 and $75,000 support levels analysts had flagged as critical — the mainstream view that outflows signal further downside has so far been borne out by price action. Seyffart's longer-term frame: $60 billion in cumulative inflows Bloomberg ETF analyst James Seyffart offered a third perspective that sits between the two. Seyffart noted that cumulative net inflows into spot Bitcoin ETFs since their January 2024 launch have approached $60 billion — a figure that has essentially recovered the impact of approximately $9 billion in outflows that occurred between last October and this February. In that context, the current $1.26 billion six-day outflow is a relatively modest disruption to a much larger and more durable inflow trend. Seyffart also expects the scale of ETF inflows to reach new all-time highs as more ETF products launch in the future — citing the expanding product pipeline across issuers and asset classes as a structural driver of continued institutional demand that the current outflow wave does not fundamentally alter. What it means for Bitcoin now The three perspectives on the current outflow data — Santiment's contrarian buy signal, the mainstream bearish read, and Seyffart's long-term structural optimism — reflect genuine uncertainty about whether Bitcoin's break below $75,000 marks a tradeable bottom or the beginning of a deeper move toward the $71,000 to $73,000 support zone analysts have identified as the next meaningful floor. What all three perspectives share is an acknowledgment that the current environment is uncomfortable. Whether that discomfort resolves as a buying opportunity for patient capital or as the prelude to further downside will depend on the same variables that have driven Bitcoin's performance all month — the trajectory of inflation data, Federal Reserve policy signals from the new Warsh-led Fed, and the geopolitical situation in Iran that has kept oil elevated and risk appetite suppressed throughout May.

Iranian Foreign Minister held a second meeting with the Chief of Army Staff of Pakistan, according to Iranian state television. According to Odaily, discussions were previously held regarding an Iranian proposal. An Iranian Foreign Ministry spokesperson noted that significant differences remain between the United States and Iran.

법률, 스페이스X, 규제, 중국증감회가 타이거/푸투/창차오에 제재: 미국 주식 해외 투자 시대의 종말? 골든파이낸스, 지난 24시간 동안 암호화폐 업계의 주요 인사들은 어떤 이야기를 나누었을까?

An early Ethereum OG address has resumed buying operations as the market declines, according to Odaily. Blockchain data reveals that the address has acquired a total of 3,942 ETH, valued at approximately $8.08 million, with an average purchase price of around $2,049. Further acquisitions may follow. The data indicates that ten years ago, the address obtained 12,001 ETH from ShapeShift at an average price of about $7.58. Over a year ago, the address sold all its ETH at an average price of approximately $2,856, exchanging it for 34.3 million USD Coin, resulting in a profit of about $34.2 million and an investment return of 376 times.

GameStop CEO Ryan Cohen has publicly questioned eBay's spending efficiency, highlighting the company's $2.4 billion marketing budget. According to BeInCrypto, Cohen's remarks follow a rejected $56 billion acquisition offer from GameStop and the subsequent suspension of his eBay seller account. Cohen criticized eBay's ability to manage basic platform functions despite its substantial marketing expenditure. He also commented on eBay's new Toronto-based Senior Manager of Marketing Effectiveness role, suggesting it should address spending transparency. The ongoing dispute has intensified following these developments.

구글, 인공지능, 기술, Google Vibe Coding으로 안드로이드 앱을 하나 만들었습니다. 골든 파이낸스, 속도는 정말 빠르지만, 완성도는 정말 떨어집니다.

현지 통화로 된 스테이블코인을 처음부터 발행하는 것보다, 달러 스테이블코인 위에 외화 표시 계층을 직접 구축하여 사용자가 달러의 유동성을 누리면서도 현지 통화로 장부를 관리할 수 있도록 하는 편이 낫다.

규제 준수하는 해외 투자 경로가 하나씩 차단될 때, 여전히 글로벌 자산에 투자하고, 스페이스X(SpaceX) 등의 기업공개(IPO) 전 가격 책정에 참여하며, 언제 어디서나 어떤 자산이든 거래하고자 하는 자금은 어디로 흘러갈 것인가?

케빈 워시는 금요일 연방준비제도(Fed) 의장으로 취임 선서를 했다. 현직 연준 관계자들에 대한 그의 광범위한 비판, 금리 인하 전략, 그리고 도널드 트럼프 미국 대통령과의 관계 덕분에 그는 연준 수장 경쟁에서 다른 경쟁자들을 제치고 두각을 나타냈다.

올해의 밈(Meme) 시장을 한 단어로 표현하자면, ‘주의력 경제’라는 말만으로는 부족하다. 올해의 핵심은 바로 누가 주의력을 분배하느냐에 있다.

베이징 시간 5월 22일 밤 11시, 케빈 워시는 성경을 손에 쥔 채 토마스 대법관의 입회 하에 제17대 연방준비제도(Fed) 의장으로 취임 선서를 하고, 전임자인 파월 의장이 8년간 이끌어 온 연방준비제도의 수장직을 정식으로 이어받았다.

골든파이낸스가 암호화폐 및 블록체인 업계 아침 뉴스레터 《골든 모닝 8시》 3065호를 발행하며, 가장 최신의 디지털 화폐 및 블록체인 업계 소식을 전해드립니다.

​ 2026년 5월 21일, 스페이스X 스타십 V3의 전 세계 생중계에서 F2Pool의 공동 창업자 왕춘은 남대서양에서 가장 외딴 곳인 부베섬에 서서, 곧 스타십을 지휘해 인류 최초의 유인 성간 비행 임무를 수행할 것이라고 발표했다.

호랑이, 푸투, 창교 등 해외 주요 인터넷 증권사 3곳이 중점 정비 대상으로 지정되었다.