Bitcoin faced a challenging week as US 30-year Treasury yields surged to 5.14%, their highest since the Global Financial Crisis, and Bitcoin ETFs saw net outflows of approximately $1 billion. Notably, BlackRock's IBIT fund accounted for $900 million of these outflows over seven of the last eight days. Industry experts Andrew Parish and Tillman Holloway discussed these developments, highlighting the impact of carry trade strategies and the rapid growth of the Bitcoin options market. Holloway noted a seasonal decline in market volume and volatility, attributing it to the "sell in May and go away" phenomenon. He emphasized that macroeconomic factors like inflation remain unchanged, urging investors to focus on the broader picture rather than short-term fluctuations. Both Parish and Holloway dismissed recent media claims about Goldman Sachs selling Solana and XRP holdings, clarifying that such positions are typically held for clients, not the firm itself.