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Bitcoin ETFs hit record outflows; miners face growing stress risking shutdowns like 2022 bottom

Market News
12 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Bitcoin short-term holders faced significant losses during the recent drop to $59.1K, with unrealized losses hitting $16.4 billion, increasing market stress. Bitcoin ETFs experienced a record $10.5 billion outflow since mid-October, reflecting weak demand. Miner metrics like the Puell Multiple and Miner Capitulation indicate worsening conditions, nearing levels that previously triggered massive equipment shutdowns in 2022. This suggests miners are under severe pressure, and continued bearish momentum could lead to mining shutdowns again.

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