$BTC Sees Further Decline This Week

Bitcoin's recent volatility continued this week, with the price experiencing further downside. After briefly touching highs around $112,000 last week (around May 22nd), Bitcoin has since seen a notable pullback, with some reports indicating a drop below $105,000.

The factors contributing to this decline include ongoing macroeconomic uncertainties and continued outflows from spot Bitcoin ETFs. While some technical support levels are being tested, the market remains cautious. The overall sentiment has shifted from the bullish momentum seen earlier in May, with traders now looking for clearer catalysts for a sustained rebound. As of May 31, 2025, Bitcoin is down roughly 3.5% over the past seven days, and analysts are closely watching for signs of stabilization.