Bitcoin ETF outflows remain negative for 11 straight days, pressuring BTC.
\n$749 million in liquidations have accelerated the Bitcoin price drop.
\nRSI below 18 shows oversold conditions, but trend stays bearish.<\/p>\n
Bitcoin (BTC) has been under sustained pressure, trading around the $63,548 level after a sharp multi-week decline that has erased a large portion of its recent recovery.<\/p>\n
Notably, the BTC price decline reflects a combination of institutional selling, forced liquidations, and weakening market structure that continues to dominate short-term price action.<\/p>\n
Even though technical indicators now show deeply oversold conditions, the broader flow of capital suggests that downside risk remains active.<\/p>\n
The current setup places Bitcoin in a zone where short-term relief rallies are possible, but sustained recovery has yet to form.<\/p>\n
One of the most consistent pressures on Bitcoin has been the ongoing withdrawal of capital from US spot Bitcoin exchange-traded funds.<\/p>\n
Data shows a stretch of 11 consecutive days of net outflows, including a single-day redemption of roughly $519 million on June 2.<\/p>\n
Over the past ten days from May 25, 2026 to June 3, 2026, Bitcoin ETFs have witnessed over 3 billion worth of outflows according to CoinGlass data<\/a>.<\/p>\n This pattern has effectively removed a major source of steady institutional demand.<\/p>\n According to Citi analysts, ETF flows account for about 45% of weekly return variation, highlighting how strongly prices now respond to institutional positioning.<\/p>\n With flows turning negative for nearly two weeks, Bitcoin has been left without its primary demand driver at a time when selling pressure is already elevated.<\/p>\n This shift is important because ETFs were previously absorbing large amounts of Bitcoin supply during the recovery phase.<\/p>\n The current reversal means that instead of acting as a stabilizing force, ETFs are now contributing to downside momentum.<\/p>\n Without a clear return of net inflows, price stability above the mid-$60,000 range has remained difficult to sustain.<\/p>\n Alongside ETF outflows, leveraged positions in the derivatives market have added fuel to the downturn.<\/p>\n More than $749.982 million in leveraged long positions have been liquidated within a 24-hour window during the sell-off, according to market data.<\/p>\n\n These forced closures have accelerated price movement lower rather than allowing gradual adjustment.<\/p>\n Bitcoin\u2019s drop below key technical zones has triggered additional selling, reinforcing a cascading effect where falling prices lead to further liquidation pressure.<\/p>\n At the same time, macroeconomic conditions have reduced the overall appetite for risk assets.<\/p>\n Strong US employment data has pushed expectations for Federal Reserve rate cuts further into the future, reinforcing a \u201chigher-for-longer\u201d interest rate environment.<\/p>\n This has reduced liquidity flowing into speculative markets, including crypto.<\/p>\n In addition, geopolitical tensions, particularly renewed instability involving Iran and broader global risk concerns, have also contributed to defensive positioning across financial markets.<\/p>\n In this environment, Bitcoin has continued to trade in line with high-risk assets rather than acting independently.<\/p>\n From a technical perspective, Bitcoin is showing some of the most extreme oversold readings in recent months.<\/p>\n The 14-day Relative Strength Index has dropped to around 17.7\u201318, a level that typically reflects heavy selling exhaustion.<\/p>\n Historically, readings this low have often preceded short-term relief rallies.<\/p>\n However, other technical indicators present a more cautious picture.<\/p>\n Bitcoin is currently trading below all major exponential moving averages, including the 10-day, 20-day, 50-day, 100-day, and 200-day EMAs. This alignment signals a strong bearish trend across multiple timeframes.<\/p>\n\n Looking at the short-term Bitcoin price projections<\/a>, the immediate support zone sits near $62,964, while a broader structural floor is located around the $60,000 region, which also aligns with long-term trend indicators.<\/p>\n A breakdown below $62,964 would increase the likelihood of a move toward lower liquidity zones near $60,000 and potentially $55,000.<\/p>\n On the upside, Bitcoin would need to close above $69,124 to shift short-term momentum. If that level is reclaimed, the next resistance zone is positioned near $71,589, which would signal early signs of structural recovery.<\/p>\n But until then, the trend remains heavily influenced by downside momentum rather than reversal signals.<\/p>\n The post Why Bitcoin price could fall below $62,000 despite oversold conditions<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin ETF outflows remain negative for 11 straight days, pressuring BTC. $749 million in liquidations have accelerated the Bitcoin price drop. RSI below 18 shows oversold conditions, but trend stays bearish. Bitcoin (BTC) has been under sustained pressure, trading around the $63,548 level after a sharp multi-week decline that has erased a large portion of […]<\/p>\n","protected":false},"author":0,"featured_media":7536,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-7535","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/7535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=7535"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/7535\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/7536"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=7535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=7535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=7535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Liquidations and macro pressure amplify the decline<\/h2>\n
Technical structure shows oversold conditions but no confirmed reversal<\/h2>\n