Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
2026-06-04
10:18

BTC plunges 0.61% in 15 minutes: ETF sees net outflows for 12 straight days, synchronizing with long-term holders selling off

Between 10:00 and 10:15 UTC on June 4, 2026, the BTC/USDT trading pair recorded a return rate of -0.61%. The price fell from 63,271.7 USDT to 62,825.1 USDT, with a swing of 0.71%. Bitcoin saw a clear move within 15 minutes, continuing the recent sustained downtrend. The main driver of this move is a resonance between ongoing withdrawals of institutional funds and concentrated selling by long-term holders. Bitcoin spot ETFs have recorded net outflows for 12 consecutive days, setting a record for
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BTC1.45%
10:03

ETH rebounds in the short term by 0.80%: a technical bounce triggered by short-covering in ETFs and a fresh low in exchange balances

From 09:45 to 10:00 (UTC) on June 4, 2026, the ETH price saw a short-term fluctuation of +0.80%, with a trading range of 1,752.63 to 1,766.66 USDT and a swing of 0.80%. After May posted the worst monthly performance in a year, market sentiment is extremely bearish, with the Fear and Greed Index falling to the extreme fear level of 11. The main driver behind this move is a marginal improvement in ETF fund flows. In May 2026, ETH ETF saw consecutive 17 trading days of net outflows of about $401.62
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ETH3.85%