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Bitcoin demand from U.S. investors weakens, ETFs see $4.29B outflows, risking a price drop below $58K.

Market News
01 Jul 2026, 10:00 WIB
AMBCrypto
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Bearish
Bitcoin demand from U.S. investors weakens, ETFs see $4.29B outflows, risking a price drop below $58K.

Bitcoin's rally is losing momentum as U.S. investor demand weakens, shown by a drop in the U.S. to Rest of World Bitcoin reserve ratio from 1.79 to 1.59. This decline precedes Bitcoin's price drop, which recently tested support near $58,500. Additionally, Bitcoin ETFs have seen significant outflows of $4.29 billion, signaling reduced institutional confidence. Unless U.S. demand recovers and Bitcoin returns above $60K, further price declines are likely.

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