Bitcoin Slips Below $63,000 as US ETF Outflows Near $5 Billion Since Mid-May
Bitcoin traded back below $63,000 on June 9 as outflows from US spot Bitcoin exchange-traded funds continued, with one-day net withdrawals of 2,172 BTC, or about $133.5 million, and seven-day outflows of 21,207 BTC, or about $1.3 billion. Bitfinex analysts said the market remained in distribution, with rallies being sold rather than bought, and that ETF outflows were still the main pressure point.
US spot Bitcoin ETFs have shed nearly $5 billion since mid-May. While four funds recorded net inflows on June 8 and the daily pace of withdrawals slowed from the prior day, Wintermute said the recent decline was driven mainly by US institutional selling and ETF outflows, with no clear signs of capital returning yet. The weakness follows last week’s roughly $390 billion crypto-market wipeout and about $7 billion in leveraged liquidations, the worst weekly losses for Bitcoin and Ether since the FTX collapse.
From the sources (17 posts)
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@coingeckoDespite dumping over 18% this week, Bitcoin is still the #14th biggest global asset by market cap.
@drjstrategyAh yes, peak institutional genius: record BTC ETF outflows dumping the scarce, under-owned asset (market cap ~1/4 of NVDA) at 2026 lows… just to chase AI stocks that already went full parabolic. Nothing says “optimized rebalancing” like se
@kalshiRT @Kalshi_Crypto: BREAKING: Our traders forecast Bitcoin will crash to $40,000 this year
@cointelegraph🚨 UPDATE: Crypto Fear & Greed Index dropped further to 8 (Extreme Fear) today, down from 12 yesterday.
@theblockcoSpot bitcoin ETFs log $1.7 billion in weekly outflows, largest since February 2025
@coinmarketcapLATEST: 📊 Bitcoin and Ethereum faced their worst weekly losses since the FTX collapse, wiping $390B from the crypto market as $7B in leveraged positions were liquidated.
@cointelegraph🚨 ALERT: Crypto Fear & Greed drops to 8, deep in Extreme Fear territory.
@theblockcoUS Bitcoin ETFs log further outflows, though analyst sees signs of easing selling pressure
@theblockco'Stuck in distribution': Bitcoin slips below $63,000 as analysts warn rallies are being sold, not bought
@theblockcoRT @JeSuisNaga: Bitcoin is back below $63,000 after Monday's brief bounce ran out of steam. Bitfinex analysts says the market is "stuck in…
@coindeskANALYSIS: Bitcoin's bounce from below $60K is a relief rally, not a regime shift, analysts say $BTC needs to reclaim $79K - $80K to signal a new advance. Wednesday's CPI print and ETF flows are key near-term catalysts.
@coinmarketcapLATEST: 📊 Bitcoin is once again trading below $63,000, with Bitfinex analysts saying ETF outflows remain the key pressure point.
@wublockchainWintermute Says No Clear Signs of Capital Returning, Market Bottom Yet to Be Confirmed Wintermute said the recent BTC decline was driven mainly by U.S. institutional selling and ETF outflows rather than Strategy’s sale of 32 BTC. The fir
@coinmarketcapLATEST: 📊 US spot Bitcoin ETFs have shed nearly $5B since mid-May, though four funds posted net inflows on June 8 as Ethereum ETFs gained $82.4M the same day.
@lookonchainJune 9 Update: #Bitcoin ETFs: 1D NetFlow: -2,172 $BTC(-$133.46M)🔴 7D NetFlow: -21,207 $BTC(-$1.3B)🔴 #Ethereum ETFs: 1D NetFlow: +32,722 $ETH(+$47.84M)🟢 7D NetFlow: -42,341 $ETH(-$61.9M)🔴