In February, bottomed out at 60k; in June, cut losses at 60k. The same price level, two different mindsets. The market always rewards those who go against human nature.

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.