Key Takeaways – Bitcoin fell below $64,000, down about 13% in a week and at its lowest since April. – US spot ETFs have logged a record 10-day outflow streak, shedding over 40,000 BTC (roughly $3 billion) since May 20. – Strategy sold Bitcoin for the first time in nearly four…
ars, and $1.8 billion in long liquidations on June 3 accelerated the drop. – Analysts see $65,000 as critical support; a break opens the path to $60,000, with some forecasting a deeper low later in 2026. Bitcoin fell below $64,000 on Thursday, extending a selloff that has erased about 13% of its value in a week and pushed the largest cryptocurrency to its lowest level since April
The drop is not a single-day shock but the product of a sustained institutional exit that has been building for nearly two weeks, and the forces behind it have not yet run their course. ETF Outflows Hit a Record Streak The clearest pressure is coming from spot Bitcoin exchange-traded funds. US-listed funds have now posted net outflows for a third consecutive week, with roughly $1.67 billion withdrawn in the latest week and more than $4.2 billion pulled over the three-week stretch, according to data cited by CoinShares and Galaxy.
Since May 20, spot ETFs have shed more than 40,000 Bitcoin, worth close to $3 billion, across ten straight trading days. This is the longest run of ETF withdrawals on record, and the steady pace matters more than the headline number. Because ETF issuers must hold physical Bitcoin to back their shares, sustained redemptions force continuous selling into the market rather than a one-time hit that buyers can absorb.