BlackRock moved $517M worth of BTC to Coinbase Prime as spot Bitcoin ETF outflows crossed $2B in two weeks. IBIT alone saw $527.8M in redemptions on May 27 — one of the largest single-day outflows since launch — reinforcing the shift from institutional accumulation to distribution. The market is now watching one key level: $70K. Rising Treasury yields, geopolitical risk, and ETF selling continue pressuring crypto, while Bitcoin’s recent weakness marks a major change from the strong ETF-driven rally earlier this year.