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U.S. spot Bitcoin ETFs had a net outflow of $4.5 billion in June, and Cathie Wood cut her target price.

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CoinWorld news: According to early issuance data from A, US spot Bitcoin ETFs saw net outflows of $4.5 billion in June, the worst single-month performance since they were launched in January 2024. Bitcoin fell 20.48% in June and hit a 21-month low of $58.19 million on July 1. Citigroup cut its 12-month target price for Bitcoin from $112,000 to $82,000; it had previously reduced the target price from $143,000 on March 17. Citigroup also cut its 12-month target price for Ethereum from $3,175 to $2,240. Strategy sold 32 Bitcoin from May 26 to 31, worth approximately $2.5 million, its first sale since December 2022. As of May 31, Strategy held 843,706 Bitcoin, and the board approved a framework to sell up to $1.25 billion worth of Bitcoin. Leveraged Bitcoin futures open interest fell from about $31.3 billion around May 30 to about $21.6 billion in early June. Over two weeks, major holders increased their holdings by more than 270,000 Bitcoin.
C1.23%
BTC0.59%
ETH2.27%
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StableFarmer
· 6h ago
In June, ETFs saw net outflows of 4.5 billion, and institutions are also moving—short-term is indeed tough.
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LiquidityMaker
· 6h ago
The strategy sells while holding a 1.25 billion “distribution framework” for offloading; smart money rebalances flexibly—this isn’t a dead-long stance.
View OriginalReply0
ShibaObserver
· 6h ago
Leverage vaults have been wiped out, and a giant whale has gobbled up 270k coins in two weeks—now the chips are shifting. Wait until volume contracts and stabilizes, then take another look.
View OriginalReply0

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