U.S. spot Bitcoin ETFs report $1 billion in net withdrawals this week, extending a 13-day outflow streak and weighing on prices.
Bitcoin recovered to $64,225 after briefly falling below $62K amid persistent selling pressure from U.S. spot Bitcoin ETFs. Net outflows reached nearly $1 billion this week, marking the 13th consecutive day of withdrawals and setting a new record streak.
Prior to this week, ETF outflows had already accelerated, with total withdrawals exceeding $5.8 billion since early June. The Fear & Greed Index stands at 12, signaling extreme fear, while Bitcoin dominance remains at 54.9% of the $2.34 trillion total crypto market cap.
Ethereum also declined, trading at $1,795, down 4.52% alongside broader market weakness. Analysts cite regulatory uncertainty and liquidity concerns ahead of the July 1 MiCA deadline in the EU as contributing factors.