THE BLOCK: Bitcoin steadies near $60,000 after another punishing week as U.S. spot bitcoin ETFs post $1.79B in outflows

AI Market Summary

Bitcoin is holding near $60,000 after a sharp weekly drawdown as U.S. spot Bitcoin ETF flows turned decisively negative, with $1.79B of net outflows over Jun 22–26. Concurrently, markets are repricing for at least one additional Fed rate hike, tightening financial conditions. Options positioning skewing toward puts signals elevated demand for downside hedges and reflects more defensive short-term risk appetite.

Impact level

● High

Affected assets

BTC/USDT-1.58%

AI Insight · BTC/USDTAI Insight

▼ Bearish

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THE BLOCK: Bitcoin is holding close to the $60,000 mark after another punishing week. U.S. spot bitcoin:native ETFs recorded net outflows of $1.79 billion from June 22 to June 26, one of the largest weekly totals on record. Markets are pricing in at least one additional Federal Reserve rate hike, and analysts say options traders are increasingly positioning with put buying.

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