Bitcoin Slides Below 78100 as Bearish Funding and ETF Outflows Weigh on Sentiment
Bitcoin dropped 3.18% to $78,043 as bearish funding rates and subdued ETF demand signaled a shift in short-term market positioning on May 16, 2026.
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Nuri Soytürk has been active in the cryptocurrency sector for more than seven years. Across platforms such as Binance Square, CoinMarketCap, and X, he has built an audience of tens of thousands of followers through crypto content, market commentary, and community-focused publishing. He is a contributing writer at Investing.com, one of the world's leading financial news and analysis platforms, and the founder of BilgiKripto.com, an independent Turkish-language crypto news publication. As Founder and Editor-in-Chief of CoinMindAI, his goal is to help a global audience follow the crypto industry with clearer, more accessible, and more informative coverage.
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