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Long-term funds quietly buy Bitcoin OTC amid $2B ETF outflows and summer weakness

Market News
02 Jun 2026
Blockonomi
View Source
Neutral
pluang ai news

Long-term investors are accumulating Bitcoin through over-the-counter (OTC) trades in tranches, viewing current prices near $72,000 as attractive for an 18-month horizon. This buying contrasts with nearly $2 billion in combined outflows from Bitcoin and Ethereum ETFs over ten days, marking the longest redemption streak since their launch. Market maker Wintermute highlights key Bitcoin support between $60,000 and $65,000 and notes crypto's recent failure to join the equity rally driven by AI earnings. Near-term catalysts include upcoming CPI and PPI data and the launch of CME Nasdaq crypto index futures, with ETF flows remaining a critical indicator of institutional interest.

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