<div id="readability-page-1" class="page"><div><ul><li>Spot Bitcoin ETFs saw about $1B in weekly net outflows; YTD net inflows into Bitcoin funds stood at $3.9B and total BTC product AUM was $126.6B.1</li><li>MicroStrategy bought 24,869 BTC (~$2.01B) May 11–17, its biggest weekly buy this year, raising holdings to 843,738 BTC. May buys helped target ~100,000 BTC for Q2, partly equity-funded.2</li><li>After the CLARITY Act moved from Senate committee to full vote, BTCUSD fell about $6,000 in five days, trimming roughly $126B from Bitcoin’s market cap and ~$190B across crypto.3</li><li>Around $804M liquidated in crypto derivatives in 24 hours; over $700M from long BTCUSD positions, driving near-term downward pressure on Bitcoin price.4</li><li>BTCUSD dropped from above $82,000 to about $76,000; roughly $400M in long positions were liquidated over four days. Renewed buying could help BTC reclaim $80,000.5</li><li>US holds about 328,000 seized BTC in a Strategic Bitcoin Reserve. White House adviser says a positive update may arrive in coming weeks; report notes possible price impact toward six figures.6</li><li>BTCUSD slipped below the Short-Term Holder (STH) Realized Price after a brief rebound, leaving short-term holders with net unrealized losses as market price fell under their average cost.7</li><li>Glassnode: BTCUSD long-term holder dominance rose while NUPL and realized profit-to-loss declined, signaling weaker on-chain profit measures for market participants.8</li><li>Delaware bankruptcy filing says Swan Bitcoin got 11,994 BTC from Prime Trust before its Aug 2023 bankruptcy; filings value those BTC at about $923M and note ~$24.6M cash and ~$5M USDT.9</li><li>OKX launched USDS-M Bitcoin options in UAE and Australia: dollar-stablecoin margin, premiums, Greeks, P&amp;L, settlement via USDC/USDG, and cross-product margining with BTC positions in one account10</li></ul></div></div>

MSTR

GBTC

BITB

Spot Bitcoin ETFs experienced $1B in weekly outflows, with YTD inflows at $3.9B. MicroStrategy purchased 24,869 BTC, raising its total to 843,738 BTC. Following the CLARITY Act's progression, BTCUSD fell by $6,000, impacting Bitcoin's market cap by $126B. Approximately $804M in crypto derivatives were liquidated, contributing to downward pressure on Bitcoin prices. The US holds 328,000 seized BTC, with potential positive updates expected. Long-term holder dominance increased, while short-term holders faced unrealized losses.

TradingView

Strategy

Grayscale Bitcoin Trust BTC - ETF

Bitwise Bitcoin ETF

YieldMax MSTR Short Opt Inc Stgy ETF

Franklin Bitcoin ETF

WisdomTree Bitcoin Fund

Valkyrie Bitcoin and Ether Strategy ETF

iShares Bitcoin Trust ETF

ARK 21Shares Bitcoin ETF

T-REX 2X Long MSTR Daily Target ETF

Leverage Shares 2x Cpd Acclrtd MSTRMnETF

Roundhill MSTR WeeklyPay ETF

Daily Target 2X Long MSTR ETF

MicroStrategy Pref Shares MSTR 10.0 Perp

Microstrategy Inc Pref Shares STRC 9.0 Perp

MicroStrategy Pref Shares MSTR 8.0 Perp

Key facts: ETF $1B Outflows; MSTR Buys 24,869 BTC; CLARITY Cuts $126B