Gate Research: BTC ETF Hits Record Outflows, Miners Capitulate in Tandem

• Market Commentary: Over the past 24 hours, the crypto market remained range-bound near recent lows, with BTC and ETH continuing to trade around key support levels. The Fear & Greed Index fell to 21, remaining firmly in the Extreme Fear zone. Although total crypto market capitalization posted a modest rebound, capital deployment remained cautious and there are still few signs of a meaningful recovery in risk appetite.
• Top Movers: LAB (+35.02%), NAORIS (+27.66%), and HMSTR (+18.46%) led market gains. Trading infrastructure, on-chain security, and TON ecosystem community narratives emerged as the primary areas attracting short-term speculative capital.
• Alpha Insight: Spot Bitcoin ETFs recorded the largest 30-day net outflow since their launch, while miners simultaneously entered a new phase of capitulation, highlighting pressure on both institutional capital flows and the network’s production side. Meanwhile, Polymarket has come under scrutiny over allegations of simulated betting promotions, bringing renewed attention to compliance and user trust issues within the prediction market sector. At the same time, a series of security incidents involving MEV bots, cross-chain bridges, and yield vault products have once again pushed on-chain infrastructure risks into the spotlight.

Discover more details today → Gate Research: BTC ETF Hits Record Outflows, Miners Capitulate in Tandem

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Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
June 22, 2026

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