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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid a sudden shift in institutional risk appetite, Bitcoin price continued its sharp crash to reach $61,325, marking its lowest level since March 2026. According to reports, Wall Street investors dumped Bitcoin ETFs worth over $1.4 billion in just a three-day period. This mass exit signals the end of a robust two-month buying spree, with investors selling off more than $2.4 billion in ETF holdings over the past month alone.
This downturn coincides with broader market uncertainty, prompting a rotation out of digital assets into traditional safe havens. Compared to other asset classes, institutional selling pressure is evident in major funds such as BlackRock's IBIT and Fidelity's FBTC, which saw inflows stall before turning negative per market data. Analysts suggest that breaching the $65,000 psychological support level accelerated automated liquidation clusters across major exchanges.
Looking ahead, traders are closely monitoring liquidity levels at the close of June 4, 2026, as Bitcoin hovers near critical support zones. Regarding the economic calendar, upcoming US macro data and speeches from Federal Reserve officials will be pivotal in determining USD strength and crypto's relative appeal. Investors should watch for further institutional flow data to see if this represents a temporary correction or a deeper structural shift in sentiment.