Bitcoin extended its decline on May 27, dipping under $75,000 and touching an intraday low of $74,530 while its market capitalization slipped back below $1.5 trillion. The move coincided with $115.3 million in leveraged BTC liquidations, including nearly $106 million from long positions, as broader crypto liquidations hit $334 million that day.

Kraken said on Wednesday it is introducing Bitcoin Vault under its Kraken Earn suite, letting users earn up to 2.5% in bitcoin rewards while keeping exposure to BTC price movements. The exchange said deposits are allocated via Veda across onchain lending venues such as Aave, Morpho and Tydro to generate yield, targeting holders who want passive returns without directly using DeFi.

Strategy reported that between January 1 and May 26, 2026, it acquired 171,238 BTC, exceeding the 65,700 BTC mined over the same period. The company said this puts its purchases at about 2.6x miner production, while its total Bitcoin holdings are now over 843,000 BTC.

Ahead of the May 27 trading session, BlackRock's iShares Bitcoin Trust (IBIT) moved 2,538 BTC ($192.53 million) to custodian Coinbase Prime depository addresses. The transfer was described as over 57% of the U.S. spot Bitcoin ETF market's prior-day net outflow of $333.71 million, alongside reported losses of $57.74 million for Fidelity's FBTC and $41.21 million for Grayscale's GBTC.

On May 27, 2026, Bitcoin traded at $74,937 at the time of writing, down 2.5% on the day after breaking below $75,000. The move followed a drop to $75,500 and a loss of the 0.382 Fibonacci level at $76,014, with daily volume reported at 7.86K. Traders are watching chart support near $74,300 and $73,914, with RSI at 39.64 and key moving averages still above spot.

Peter Brandt weighed in on an X thread about Bitcoin valuation models, backing the view that market price outweighs theoretical targets. The discussion followed claims that the Bitcoin Power Law model points to $163,500, while BTC was trading above $75,000 and later slipped to $75,797, down 1.58% over 24 hours.

A large New York-session block trade in BlackRock's spot Bitcoin ETF, IBIT, saw 29.2 million shares sold for about $1.29 billion, with the fund still trading near similar levels afterward. The activity coincided with net Bitcoin ETF outflows totaling 4.32K BTC ($324 million) and a combined daily trading volume of $6.07 billion.

From May 18–22, 2026, BlackRock's iShares Bitcoin Trust (IBIT) made up most of the $1.26Bn in US spot Bitcoin ETF outflows, with roughly 13,000 BTC (about $1.01Bn) moved from custody addresses over five days. The withdrawals coincided with Bitcoin failing to hold $70,000 and trading around $67,000–$68,000, while the report frames higher-for-longer Fed expectations and rising Treasury yields as the key macro driver.