U.S. spot Bitcoin ETFs post multi-billion outflow streak as Bitcoin falls below $70,000 amid liquidations
first published 2026-06-01T17:48:55Z
U.S. spot Bitcoin ETFs recorded about $3.45 billion in withdrawals over 11 straight trading sessions, including $484 million in the latest session, as Bitcoin slid toward $70,000. Strategy also disclosed its first Bitcoin sale since December 2022 to fund preferred stock distributions, while CryptoQuant said institutional demand appears to be weakening.
AI Analysis
The summary reports a record ETF redemption streak, a Bitcoin price drop toward $70,000, a company Bitcoin sale, and weakening institutional demand, all of which are direct bearish signals for BTC.
Expected Investor Sentiment: Very Bearish
Potential Market Impact: High
Source Articles
- Bitcoin's biggest ETF selloff yet hits $3.4 billion as AI stocks keep climbing - CoinDesk
- Bitcoin ETF withdrawals reach $3.45B in 11 day streak as BTC slides - Crypto News
- Bitcoin falls to 2-month low as divergence to equities deepens - Cointelegraph
- S&P 500 Closes at Record 7,599 as Stocks Outrun a Lagging Bitcoin - Bitcoin.com
- Sosnick Warns Crypto’s ‘Tourists’ Are Cashing out as Bitcoin ETFs Bleed $1.42 Billion - Bitcoin.com
- Charles Schwab targets 2027 crypto trading for advisor clients - Crypto News
- Why Is Bitcoin Price Down Today? - Coinpedia
- Bitcoin drops to 7-week low under $71K as US-Iran ceasefire hopes fade - Cointelegraph
- Why Did Bitcoin Drop Below $70,000? Two Names Explain It - Yahoo Finance
- Bitcoin Price Rebound Incoming? Analysts Warn Investors Prefer Stocks as BTC Hits Two-Month Low - Yahoo Finance
- Mt. Gox moves $739M in Bitcoin from cold wallets: Arkham - Cointelegraph
