BTC falls below key levels amid 15 straight sessions of U.S. spot ETF outflows totaling $4.7 billion, raising downside risks.
Bitcoin traded near $62,000, just $2,700 above the critical $60,000 support level, after a 16% drop from last week’s highs above $74,000. The decline accelerated over the past three sessions as global AI-related trades unwound, eroding earlier technical supports that held during prior drawdowns in 2026.
U.S. spot bitcoin ETFs recorded 15 consecutive days of net outflows, surpassing $4.7 billion. Corporate demand also weakened, with a major strategy fund selling its first bitcoin holdings since 2022, removing a key marginal buyer that had absorbed selling pressure in 2024 and 2025. The next support level below $60,000 lies near $55,000, last seen during February’s pullback.