Spot bitcoin ETFs record first two-day outflow streak since July, dragging BTC to its lowest level in over a week.
Bitcoin fell below $63,000, erasing last week’s gains, as spot ETFs posted $192 million in back-to-back outflows for the first time since late July. The decline marks BTC’s lowest level since August 3, with ether also slipping 0.73% since midnight UTC.
U.S. equities rallied after cooler-than-expected producer price inflation data, but crypto markets lagged. The S&P 500 and Nasdaq 100 gained, while bitcoin and ether underperformed relative to some altcoins. Derivatives data signaled growing bearish positioning in tokens like bitcoin cash and hedera.
Bitcoin volatility eased, and options flows remained mixed, with no clear bullish catalysts emerging. The outflows from spot ETFs weighed on sentiment, contrasting with broader risk-on moves in traditional markets.