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No clear capital return to crypto as Bitcoin drops 14% and ETF outflows hit $2.97B in 2026

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

Bitcoin fell about 14% to below $62,000, marking its lowest since September 2024, amid no clear signs of capital returning to crypto markets. Bitcoin ETFs have seen ten consecutive sessions of outflows totaling $2.97 billion through May 30, 2026, driven mainly by U.S. institutional selling that reversed earlier buying momentum. While some long-term investors have started accumulating at these lower prices, the overall market remains under pressure due to persistent ETF outflows and a challenging macroeconomic environment ahead of U.S. mid-term elections. The upcoming SpaceX IPO on June 12 is highlighted as a key indicator of broader market risk appetite and could influence crypto and equity markets going forward.

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