Bitcoin falls below $64 000 as ETF outflows widen
On Monday, Bitcoin fell nearly 5%, underperforming the broader cryptocurrency market and briefly dropping below $64,000. The decline was driven by concerns over U.S. trade policy, which weighed on investor sentiment and increased demand for safe-haven assets.
Bitcoin was also pressured by continued outflows from exchange-traded funds and a cascade of long liquidations totaling more than $230 million.
Bitcoin price dynamics over the past 24 hours. Source: CoinMarketCap
The drop comes as global markets react to proposals for broader U.S. tariffs, which have increased volatility in both equities and digital assets. Analysts noted that the move underscores Bitcoin’s ongoing sensitivity to macroeconomic developments despite its positioning as a potential hedge.
Trading volumes rose during the selloff, signaling intensified short-term repositioning among market participants. The latest correction followed several weeks of range-bound trading and renewed attempts to test resistance levels above $70,000.
Uncertainty increases investor stress
Broader risk aversion contributed to the downturn, with U.S. equity futures and high-beta technology stocks also moving lower. Market participants cited uncertainty surrounding potential tariff expansion and its implications for inflation and monetary policy.
At the same time, spot Bitcoin ETFs recorded additional net outflows, extending a multi-week trend of reduced institutional inflows into the asset class. Data from derivatives exchanges showed a surge in long liquidations as prices broke technical support levels, accelerating the decline. Funding rates on perpetual futures contracts turned negative, reflecting a shift toward short positioning in the near term.
Despite the weakness, Bitcoin remains well above its 2024 lows, suggesting that long-term holders have not exited positions on a large scale. Analyst Anton Kharitonov said institutional flows remain a key factor and noted that stabilization in ETF demand is necessary for a renewed rally.
He added that persistent geopolitical and trade tensions could sustain elevated volatility across risk assets. Investors are also monitoring upcoming economic data releases and Federal Reserve commentary for signals on interest rate policy. In the absence of a clear catalyst, analysts expect Bitcoin to trade within a broader consolidation range as markets assess macroeconomic developments.
As we wrote, Crypto market recap: Bitcoin drops 3.9% amid tariff fears
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