Bitcoin remains below the $60,000 threshold as institutional demand continues to weaken. Spot Bitcoin ETFs have recorded their longest streak of net outflows since launch, highlighting reduced risk appetite among large investors.

The shift reflects a stronger US dollar, elevated interest rate expectations, and continued rotation of capital toward AI-related equities rather than digital assets.
Macro headwinds overshadow regulatory progress
The longer-term regulatory backdrop has improved following progress on US digital asset legislation, including the CLARITY Act, but the positive impact has been outweighed by macroeconomic pressures. Higher Treasury yields, a resilient US economy, and expectations that the Federal Reserve will keep policy restrictive for longer continue to reduce demand for speculative assets. At the same time, concerns over corporate Bitcoin monetization have added another layer of selling pressure.
Technical picture remains decisively bearish
The 4-hour chart continues to favor the bears. Bitcoin is trading near $58,500, well below all major moving averages, while each rebound has been met with renewed selling. The broader sequence of lower highs and lower lows remains intact, confirming that the prevailing trend is still negative. The $60,000 area has turned into immediate resistance, while sustained trading below that level keeps the risk of another decline toward fresh yearly lows elevated. A recovery above the short-term moving averages would be the first indication that downside momentum is beginning to fade.
Markets look to ETF flows and US data for direction
The next major catalyst for Bitcoin will likely come from changes in ETF flows and incoming US macroeconomic data. A return of institutional inflows could help stabilize sentiment, but as long as fund redemptions persist and the Fed maintains a relatively hawkish stance, rallies are likely to face selling pressure. As I already wrned in Bitcoin stays below $60,000 under ETF pressure, traders will also continue monitoring leverage, derivatives positioning, and broader risk sentiment across global financial markets for signs that the correction is approaching exhaustion.
- Forex
- Crypto