SPDR Gold Shares (GLD) posted a net outflow of $2.3 billion last week, extending a four‑week streak of withdrawals and pushing the four‑week average to roughly $2.0 billion.
Gold Fund Withdrawals Reach Near‑Record Levels
Gold funds have recorded a fourth consecutive week of net outflows, totaling $2.3 billion. The 4‑week average of $2.0 billion ranks as the second‑largest on record, trailing only the $3.5 billion average seen in February.
GLD alone has experienced about $2.2 billion in outflows this month, and year‑to‑date the ETF is down $8.1 billion, marking the first annual net withdrawal since 2023.
In May, North American investors withdrew roughly $1.1 billion after strong price gains and a shift toward technology stocks. Asia followed with outflows driven by China and India as domestic equities rose, while Europe offset the trend with $334 million of inflows.
Bitcoin Prepares for a Three‑Month Short Squeeze
Bitcoin (BTC) is aligning technical factors that suggest a three‑month short‑squeeze window, according to analysts who reference candle‑range theory. The convergence of price momentum, market sentiment, and blockchain data creates a potential catalyst for a rapid rally.
Investors monitoring the crypto market note that the setup could attract fresh capital, especially if BTC breaks key resistance levels. A sustained breakout may trigger a cascade of short covering, amplifying price movement across the broader crypto ecosystem.