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cryptoJun 10, 2026, 9:40 AM

Bitcoin Slips Below $62K as Institutional Selling and ETF Outflows Persist

Bitcoin fell to its lowest since September 2024, losing about 14% in a week, as Wintermute analysts attribute the decline to institutional selling and ETF outflows. Experts see no confirmed bottom yet, citing a lack of sustained buyer demand.

BTCUSD

Bitcoin dropped below $62,000, marking its lowest point since September 2024, with a weekly loss of approximately 14%. According to analysts at Wintermute, the correction is driven by institutional selling and capital outflows from spot Bitcoin ETFs.

No signs of renewed capital inflows into digital assets have emerged after the decline. Market observers caution that the current level does not constitute a confirmed bottom. They stress that a sustainable recovery requires consistent buying pressure from demand-side participants.

Source: ForkLog