$19k dropped in ten days, and the bulls were liquidated so thoroughly that they don’t even recognize themselves anymore—yet the ETF is actually starting to see net inflows? Are institutions just shuffling money from one hand to the other, or are they truly bottom-fishing? I’ll need to observe a bit more.

CryptoWorld News: Bitcoin price has fallen below $60k, with the latest trading price around $59.4k. This decline was triggered by strong U.S. employment data, prompting traders to reduce expectations of Federal Reserve interest rate cuts. According to the latest data, the U.S. economy added 172k non-farm jobs in May, far exceeding the expected 85k, with the unemployment rate remaining at 4.3%. This data sparked concerns about tightening policies in the market, causing Bitcoin to decline approximately $19k over the past 10 days, breaking below the $60k support level for the first time. Meanwhile, liquidations in the derivatives market have also intensified selling pressure, with over $155 million in long positions liquidated in the past 24 hours. Despite this, institutional inflows show some signs of stability, as the U.S. spot Bitcoin ETF recorded approximately $3 million in net inflows on June 4, ending a 13-day streak of outflows.