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US spot Bitcoin ETFs saw $1.42B outflows amid Bitcoin's 4% price drop to $73K.

Market News
01 Jun 2026
Blockonomi
View Source
Bearish
pluang ai news

US spot Bitcoin ETFs experienced $1.42 billion in net redemptions last week, marking the third-largest weekly outflow in history, led by BlackRock's IBIT fund with $966 million withdrawn. This forced ETF managers to sell about 19,021 BTC, equivalent to 42 days of mining output, contributing to Bitcoin's 4% price decline to around $73,000. The selloff is driven by macroeconomic factors like persistent inflation, rising Treasury yields, and geopolitical tensions, which reduce investor appetite for volatile assets. Analysts are watching critical support levels near $72,650, with some expecting a possible short-term rebound before further declines later in the year.

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