CryptoWorld News reports that Bitcoin’s trading price today is close to $60,000, at approximately $62,160.89. Compared with February, institutions’ response to Bitcoin is markedly different: they are actively selling as prices fall. Last week, 11 Bitcoin ETFs listed in the United States recorded net outflows of $1.72 billion, the largest weekly redemptions in a year. By contrast, when Bitcoin dropped to nearly $60,000 in early February, the ETFs saw outflows of only $318 million. Over the past four weeks, the outflows have accelerated, rising from $1 billion on May 15 to the recent $1.72 billion. Analyst Greg Cipolaro said the current market faces multiple pressures that could affect Bitcoin’s price support.