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Bitcoin drops 10% amid record ETF outflows and institutional selling, but retail buyers stay active.

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

Bitcoin fell about 10% to near $61,100 following the longest-ever outflow streak from US spot Bitcoin ETFs, totaling nearly $3 billion by late May. The decline is linked mainly to US institutional investors unwinding positions rather than panic selling by retail traders. On-chain data shows smaller wallets increasing Bitcoin holdings while large holders reduce exposure, suggesting retail accumulation amid institutional selling. Binance founder Changpeng Zhao urged calm, emphasizing the dip is temporary, while analysts note the lack of strong technical support between $50,000 and $59,000 leaves price direction reliant on capital flows and whale activity.

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