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when

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<p><a href="https://en.coin-turk.com/prominent-on-chain-analyst-willy-woo-forecasts-a-tenfold-increase-for-bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>’s recent slip below the $73,000 mark has signaled a short-term shift in market direction, with numerous on-chain indicators and exchange activity pointing to a rise in selling pressure. Market professionals closely following these dynamics suggest that the cryptocurrency is undergoing a brief correction phase, reflected both on-chain and in trading volumes.</p>
<h2 id="factors-behind-increased-selling-pressure">Factors behind increased selling pressure</h2>
<p>Market analyst KriptoOnChain has linked Bitcoin’s decline toward $72,500 to weakening spot market demand and an unsustainable surge in long positions across derivatives platforms. A -1.083% premium gap on Coinbase indicated that US-based investors were selling Bitcoin at prices lower than those on overseas exchanges. The Coinbase premium dropped to -$94.95, marking the steepest discount recorded in the past year.</p>
<p>At the same time, Binance saw significant Bitcoin outflows, with a net exchange flow averaging 1,496 BTC in the last week. This represents a 528% increase compared to the previous three-month average, highlighting intensified market movement.</p>
<blockquote>
 <p>KriptoOnChain emphasized that US-based investors liquidated BTC at lower levels than those seen abroad, and that such price gaps have previously emerged during major sell-off waves.</p>
</blockquote>
<p>Glossary: The Coinbase premium measures the price difference of BTC between US-based Coinbase and international exchanges. Negative values signal mounting selling pressure in the US market.</p>
<h2 id="futures-markets-and-wallet-flows">Futures markets and wallet flows</h2>
<p>In the derivatives market, Binance’s funding rates for futures soared to 781% above the three-month average just before Bitcoin’s value dipped below $75,000. This spike indicated a buildup of excessive leveraged positions, leading to market imbalances. That same day, forced liquidations amounted to $935 million across crypto positions, and the total market capitalization shrank by $41 billion.</p>
<table>
 <thead>
  <tr>
   <th>Exchange</th>
   <th>Spot Volume (last month, billion $)</th>
   <th>Futures Funding Rate Change (%)</th>
   <th>BTC Net Flow (last 7 days, BTC)</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>Binance</td>
   <td>36.4</td>
   <td>781</td>
   <td>+1,496</td>
  </tr>
  <tr>
   <td>Coinbase</td>
   <td>–</td>
   <td>-1.083 (premium gap)</td>
   <td>-94.95 (premium gap, $)</td>
  </tr>
 </tbody>
</table>
<p>On-chain data shows that wallets holding between 100 and 10,000 BTC experienced total outflows of 648,000 BTC. A similar level of outflow was last recorded in early February when wallet exits topped 1 million BTC.</p>
<h2 id="signals-from-long-term-holders">Signals from long-term holders</h2>
<p>However, this recent downward move differs in key ways from the sharp sell-offs of October 2025 and February 2026. This time, long-term investors have not been active sellers during the correction. Despite Bitcoin falling below $75,000, veteran holders have largely kept their coins unmoved. Currently, long-term holders account for 84.3% of the total circulating Bitcoin supply, a level previously seen when Bitcoin traded between $105,000 and $126,000.</p>
<p>Spot trading volumes are also in retreat. Binance’s spot volume has dropped to $36.4 billion, down 81% from the $198.6 billion recorded in October 2025. Furthermore, the monthly BTC spot volume, which stood at $84 billion in February, has lost $50 billion over the past three months.</p>
<p>Lower spot trading volumes have slowed the entry of new selling pressure into the market. This mirrors patterns observed during the 2023 bear market recovery, when a dip in volumes was followed by another upward trend.</p>
<h2 id="realized-losses-and-market-sentiment">Realized losses and market sentiment</h2>
<p>In recent days, realized losses on Bitcoin sales have declined. Over a 30-day average, total losses dropped to $12.85 million on May 26, compared to $56 million in February. This suggests that investors are not panicking at current price levels, and are willing to accept less loss than before.</p>
<p>Overall, the prevailing mood in the market hints that some investors see the current price range as a buying opportunity. Despite increased selling pressure, most long-term holders continue to hold onto their assets.</p>
<p>The post <a href="https://en.coin-turk.com/bitcoin-drops-below-73000-as-spot-demand-falls-81/" rel="noopener noreferrer nofollow">Bitcoin drops below $73,000 as spot demand falls 81%</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin drops below $73,000 as spot demand falls 81%

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