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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid intensifying institutional selling pressure, US-listed spot Bitcoin ETFs recorded $397 million in outflows on Wednesday, extending a record 13-day streak of withdrawals. According to reports, total outflows during this period have reached $4.4 billion, coinciding with a significant 21% decline in Bitcoin's price since mid-May as market sentiment shifts toward caution.
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Sign InThis sharp contraction reflects a broader retreat from risk assets, occurring alongside macroeconomic data such as Spain's 3.2% GDP growth and French inflation at 2.4% per market data (close May 29, 2026). Compared to previous institutional entry phases, the sustained $4.4 billion exit from ETFs represents a major liquidity challenge that is currently outweighing retail buying interest.
Bitcoin is trading near $64,000 (close June 04, 2026), with the market's focus shifting to the critical $60,000 support level as a potential floor. Looking ahead, upcoming speeches from Federal Reserve officials in the economic calendar will be pivotal catalysts, as any hawkish commentary could strengthen the Dollar and further delay a recovery in digital asset prices.
Update: Recent market data revealed a massive $752 million liquidation wave in Bitcoin futures, dragging prices to their lowest levels since February 2026. Additionally, a major whale closed a substantial position of 1,400 BTC as the price neared the $61,000 mark, further intensifying the immediate selling pressure.
Update: Recent data reveals a 25% plunge in Bitcoin open interest, signaling a massive deleveraging event that cleared excess leverage from the derivatives market. Forced liquidations in Bitcoin and Ethereum futures over a four-day period have effectively reset market positioning, potentially reducing the risk of further leverage-driven volatility in the immediate term.