Institutions are starting to chicken out, with a record single-day outflow of 690M. Breaking below the 60k mark, the psychological defense line is harder to hold than technical support.

Crypto news: the US-listed spot Bitcoin ETF products saw the biggest single-day outflows in June on Thursday. The outflow amount reached $696.3 million, exceeding the June 2 monthly high record of $5.192 million. Total outflows in June have already hit $3.61 billion, while the net outflows year-to-date are $4.6 billion, indicating that institutional demand weakened as Bitcoin prices fell below $60,000. As Bitcoin lost key support, outflows intensified, reflecting a decline in market risk appetite. Total assets also fell below $73 billion for the first time, down by about 57% from the peak in October 2025. Meanwhile, the strategy company’s pace of Bitcoin buying slowed in June, with it purchasing only about 3,600 BTC—far below the pace in May. Analysts suggest the company should pause purchases to rebuild cash reserves and improve purchase discipline.