Bitcoin Falls Below $58,000 as ETF Outflows Accelerate
Bitcoin fell below $58,000 overnight, dropping to a 21-month low as heavy liquidations and prolonged exchange-traded fund outflows intensified pressure on the cryptocurrency. Leveraged long positions worth $270 million were liquidated over the past 24 hours, according to tracking data. U.S. spot Bitcoin ETFs have sold $2.41 billion of the token over nine consecutive days, marking a sharp reversal from aggressive institutional buying near recent highs.
The selloff coincides with concerns over higher U.S. interest rates and the financing strategy of Strategy, the largest corporate holder of Bitcoin. The company authorized a potential $1.25 billion sale of its Bitcoin holdings this week as it restructures a financing model strained by the asset's prolonged decline. Monthly outflows from Bitcoin ETFs have exceeded $4.1 billion, putting the products on track for their largest monthly withdrawal since the January 2024 launch.
From the sources (25 posts)
@theblockcoTHE BLOCK: US spot bitcoin ETFs had their second-worst week on record, shedding $1.79 billion in the week ending June 26. This brings the streak of net weekly outflows to seven weeks.
@wublockchainSpot Bitcoin ETFs Saw $1.79B in Net Outflows Last Week, Third-Highest Weekly Outflow on Record From June 22 to June 26 (ET), spot Bitcoin ETFs recorded net outflows of $1.79 billion, marking the third-highest weekly net outflow on record.
@cointelegraph🇺🇸 ETF FLOWS: XRP spot ETFs saw net inflows last week, while BTC, ETH and SOL spot ETFs saw net outflows. BTC: -$1.79B ETH: -$273.34M SOL: -$3.8M XRP: $22.99M
@cointelegraph🚨 UPDATE: U.S. spot Bitcoin ETFs have seen nearly $4B in June outflows, their worst month since launch.
@coinmarketcap💡 CoinMarketCap | Bitcoin ETFs 💡 June just became the worst month on record for Bitcoin ETF outflows. $4.06B left US spot Bitcoin ETFs, topping the previous record of $3.56B from February 2025. The backdrop: 🔹 Biggest monthly outflows si
@bitcoinnews🟠 US spot #Bitcoin ETFs recorded $4.06 billion in outflows in June, the worst month on record, as institutions cut exposure during a difficult stretch for the market. 📉 Temporary de-risking or deeper institutional pullback?
@lookonchainJune 29 Update: #Bitcoin ETFs: 1D NetFlow: -7,578 $BTC(-$447.41M)🔴 7D NetFlow: -29,552 $BTC(-$1.74B)🔴 #Ethereum ETFs: 1D NetFlow: -16,810 $ETH(-$26.22M)🔴 7D NetFlow: -165,065 $ETH(-$257.5M)🔴
@businessUS-listed Bitcoin exchange-traded funds are on pace for their worst month of withdrawals since launching two years ago
@theblockcoTHE BLOCK: US spot $BTC ETFs saw $231 million in net outflows on Monday, marking an 8-day negative streak. With $4.3 billion in net outflows so far in June, the funds are on track for their worst month on record.
@deitaoneBITCOIN BEARS EYE $45K Bitcoin remains under pressure as higher U.S. rate expectations weigh on risk assets and the dollar strengthens. Markets are also digesting Strategy's potential $1.25 billion Bitcoin sale and the EU's MiCA licensing
@hedgeyeBREAKING: Bitcoin extends losses below $59,000
@deitaoneBITCOIN ETFS SEE EIGHTH STRAIGHT OUTFLOW Bitcoin ETFs recorded an eighth consecutive day of net outflows, with investors pulling another $231 million, according to CoinGlass. June has seen $4.3 billion leave Bitcoin ETFs—the largest month
@yahoofinance$MSTR declines as the price of bitcoin continues to dip. Keep up with Strategy and bitcoin in AlphaSpace:
@kobeissiletterBREAKING: Bitcoin extends losses and drops below $58,500 as another $320 million worth of levered crypto positions are liquidated today.
@businessBitcoin tumbled more than 3% toward $58,000 on Tuesday as investors reversed an initial vote of confidence in Michael Saylor’s financing overhaul at Strategy
@fintechfrankU.S. spot Bitcoin ETFs are on pace for their largest monthly outflows since their January 2024 debut, with more than $4.1 billion withdrawn in June. Source: Bloomberg h/t @cryptounfolded
@globalmktobserv‼️Crypto market sentiment is EXTREMELY WEAK: US-listed spot Bitcoin ETFs posted more than -$4.1 billion in outflows so far in June, the worst monthly withdrawal since launching in January 2024. $IBIT, the largest fund, accounts for -$3.1
@venturecoinistRT @WClemente: Bitcoin ETF outflows accelerating from start of the year, tradfi wants out
@coindeskDATA: U.S. spot Bitcoin ETFs are on track for their worst month on record, with more than $4.1 billion in net outflows in June. h/t @Bloomberg
@kalshiJUST IN: Bitcoin closed below 200-week moving average for first time since 2023
@globalmktobservRT @GlobalMktObserv: ‼️Crypto market sentiment is EXTREMELY WEAK: US-listed spot Bitcoin ETFs posted more than -$4.1 billion in outflows s…
@kobeissiletterBREAKING: Bitcoin falls below $58,000 as levered liquidations accelerate.
@bulltheoryioBREAKING: Bitcoin has crashed below $58,000, hitting a 652-day low. Bitcoin is now down -54% from its peak, wiping out over $1.34 trillion in market value.
@businessBitcoin falls to a fresh 21-month low as the prospect of higher interest rates and concerns about the largest corporate buyer of the token weakens sentiment
@chooserichBitcoin really doesn't want to break below this level... yet.