Glassnode reports 54% of Bitcoin supply is in loss, marking a sharp deterioration in investor profitability. This suggests an unusual bottoming process where long-term holders accumulate while ETF investors sell, indicating a controlled migration of BTC to patient hands despite price weakness.
Cryptocurrency markets began Q3 2026 with reduced leverage and thinner liquidity following a wave of liquidations in Q2. Bitcoin and Ether long liquidations reached $8.35 billion, coinciding with ETF outflows and decreased buying demand.
Bitcoin is testing the $58,000 level as traditional demand pillars, including spot ETFs and corporate treasury accumulation, show signs of weakening. US spot Bitcoin ETFs have registered eight consecutive weeks of outflows, and Strategy has authorized Bitcoin sales, challenging the previous bull case.
Ether (ETH) faces pressure below $1,600 due to significant Spot Ether ETF outflows, which are overshadowing accumulation by treasury companies. Weak DApps revenue and staking yields further dampen ecosystem incentives, raising concerns about ETH holding the $1,500 support level.
Ether (ETH) faces pressure below $1,600 due to significant Spot Ether ETF outflows, which have overshadowed accumulation by treasury companies. Regulatory hurdles, AI competition, and declining DApp revenue and staking yields further dampen investor sentiment, raising concerns about ETH holding the $1,500 support level.
ETF investors diversified crypto exposure last week, significantly cutting U.S. spot Bitcoin and Ethereum ETF holdings by $1.79 billion and $273.5 million respectively. Concurrently, XRP spot ETFs gained $22.99 million and HYPE wrappers added $111.4 million, indicating a selective institutional demand for specific altcoin risks amidst broader market weakness.
Bitcoin is on track for a rare back-to-back quarterly loss, trading below $60k due to steady ETF outflows, a hawkish Fed, a strong dollar, and capital rotation into AI stocks. Altcoins are also experiencing significant declines.
Bitcoin's drop below its 200-week moving average sparks a demand test, with $62,000 area crucial for determining if the level holds as support or becomes overhead resistance amid ETF redemptions and macro pressure.
Over six weeks, US Bitcoin ETFs lost $5.94 billion, the longest unbroken outflow since 2024, with Bitcoin dropping to a 21-month low near $58,000. Despite this, long-term holders (owning 83% of circulating BTC) remain unchanged, indicating capitulation among newer ETF investors rather than a broader market shift.
Bitcoin hovers near $60,000 after core PCE inflation exceeded expectations at 3.4% YoY, coupled with significant ETF outflows and a failed defense of the $59,000-$62,000 zone, ahead of a critical $10.6B BTC options expiry on June 26.
Bitcoin dipped to $58,189 on June 25 before recovering slightly to ~$59,542, as the Federal Reserve's May PCE inflation report came in at 4.1% (headline) and 3.4% (core), aligning with expectations and easing immediate downside risks. Despite this, hawkish Fed signals, significant ETF outflows ($651 million over three days), and competition from AI-focused equities pose challenges for BTC, with key support at $58,000 and potential downside to $50,000-$54,000 if broken.
Bitcoin fell below $59,000 to an intraday low of $58,189, driven by nearly $692 million in US spot Bitcoin ETF outflows and a $10.6 billion options expiry. Over $1.1 billion in leveraged crypto bets were liquidated, with traders on Myriad predicting a further drop to $55,000.
Bitcoin experienced significant outflows from spot ETFs and a bearish options expiry, signaling waning institutional demand. Investors are shifting focus to tech stocks, driven by strong earnings and government support for AI initiatives, while fixed income offers a safer hedge.
Bitcoin ETFs experienced significant outflows, totaling $469 million, signaling waning institutional interest. This, coupled with a put-heavy options expiry and rising US Treasury yields, has shifted investor focus towards tech stocks, which are showing strong performance.
Bitcoin dropped below $60,000 on June 24, driven by sellable coins moving to exchanges, weakening ETF demand, and leveraged traders cutting risk. Around 7,600 BTC flowed into Binance, signaling potential sell-side pressure, while spot Bitcoin ETFs saw negative net flows.
Bitcoin dropped to $59,060 as the US dollar strengthened to a 13-month high and oil prices fell, easing inflation fears. This, coupled with a slowdown in Strategy's Bitcoin purchases and strong AI sector earnings, weakens the investment case for alternative scarce assets like BTC.
Ethereum's ETH price dropped 5% as negative funding rates and six weeks of spot ETF outflows signal a fragile investment climate. Despite a 20% workforce reduction at the Ethereum Foundation, its 53% DeFi market share and upcoming upgrades suggest potential for recovery.
Bitcoin hovers around $65,000, showing resilience despite geopolitical tensions and a legal challenge by CME against the CFTC. Other crypto majors remain steady, while ETFs experience net outflows. Meanwhile, Charles Schwab plans to enter the prediction market space.
Bitcoin hovers around $64,700, down 13% monthly, as sellers dwindle but buyers remain absent. Analysts cite hawkish Fed signals, ETF outflows, and derivative market deleveraging, suggesting a "range-driven redistribution phase" with potential catalysts weeks away.
On June 17, US spot Bitcoin ETFs experienced net outflows totaling $82.2 million, influenced by the Federal Reserve's less supportive policy update. However, individual ETF flows showed a divided market, with some products attracting new capital while others saw significant redemptions.
Cryptocurrency markets saw significant gains over the weekend, with major coins like Bitcoin (BTC) and Ether (ETH) jumping on progress towards an Iran peace deal. Bitcoin reached $66.5k, while altcoins like HYPE surged 12%. This positive momentum follows a period of outflows from BTC ETFs, which began to reverse on Friday with $85M in inflows, marking the biggest day in a month.
Bitcoin is approaching its realized price, a key indicator for market bottoms, but demand is weakening, evidenced by significant Bitcoin ETF outflows and a contraction in speculative and spot demand, according to CryptoQuant.
Bitcoin rebounds 7.5% from $59,353 to $63,800 amid short liquidations, but experts and market indicators suggest the outlook remains bearish due to macroeconomic pressures and fading institutional demand.
Michael Saylor attributes Bitcoin's recent 22% drop to a capital rotation towards AI development, citing over $4.3 billion in Bitcoin ETF outflows since May 14. MicroStrategy shares also fell 15% in five days.
