Standard Chartered Sees Bitcoin Bottom ‘Almost In’ as Sell-Off Cuts 14% in Seven Days

Bitcoin Price Decline

14%

Bitcoin lost 14% of its value over a seven-day period.

Spot ETF Outflows

$3.45 billion

Total withdrawals from U.S. spot Bitcoin ETFs over 13 consecutive days.

Worst Month for Spot ETFs

$2.30 billion

Cumulative outflows for spot Bitcoin ETFs in May 2026, marking the worst month on record.

§ 01 Executive Snapshot

What: Bitcoin has shed 14% in seven days, reaching levels not seen since February, but Standard Chartered suggests the bear market may be nearing its end.
Who: Standard Chartered, Strategy, Geoff Kendrick (Global Head of Digital Assets Research).
Why it matters: The potential stabilization of Bitcoin prices could influence institutional investment strategies and market confidence in digital assets.

Bitcoin traded around $63,739, down from a 24-hour high of $67,416.50, with a session low near $61,463, marking a significant decline.
Strategy disclosed the sale of 32 Bitcoin generating approximately $2.5 million, breaking a long-held strategy of never selling.
U.S. spot Bitcoin ETFs recorded a 13 consecutive day streak of net outflows totaling approximately $3.45 billion, marking the longest stretch since their launch in early 2024.

The decline in Bitcoin's price is attributed to institutional outflows, leverage liquidations, and geopolitical pressures, reflecting a turbulent market environment.
Historical patterns indicate that previous sales by Strategy led to buybacks, suggesting potential for market recovery in the near term.

Immediate market consequences may involve a potential rebound if Strategy engages in buybacks, signaling confidence in Bitcoin's recovery.
Long-term implications include a possible stabilization of Bitcoin prices, which could re-establish institutional trust and investment in the cryptocurrency space.

Regulatory scrutiny remains a potential risk, especially with recent SEC filings affecting market confidence.
Continued net outflows from spot Bitcoin ETFs may indicate waning investor interest, which could hinder recovery efforts.

A confirmed purchase by Strategy as early as next Monday could signal that the market low is in.
Monitoring the performance of spot Bitcoin ETFs and potential shifts in investor sentiment will be critical for assessing future price movements.

§ 07

What recent trend has Bitcoin experienced?

Bitcoin has shed 14% in seven days, reaching levels not seen since February.

Who is suggesting that the Bitcoin bear market may be nearing its end?

Standard Chartered, specifically Geoff Kendrick, the Global Head of Digital Assets Research.

How might the stabilization of Bitcoin prices affect the market?

It could influence institutional investment strategies and market confidence in digital assets.

What are some risks that could impact Bitcoin's recovery?

Regulatory scrutiny and continued net outflows from spot Bitcoin ETFs may hinder recovery efforts.