Bitcoin remained under pressure after falling into the mid-$60,000 range, as large U.S. spot crypto ETF outflows, heavy derivatives liquidations and weakening futures momentum deepened concerns that the sell-off may not be over. Investors withdrew $519 million from U.S. spot Bitcoin ETFs on June 2, according to SoSoValue, with BlackRock’s IBIT, Grayscale’s GBTC and Fidelity’s FBTC posting the largest redemptions. Ether funds also saw $90.15 million in outflows, trimming cumulative net inflows to $11.24 billion. Reports said between $1.33 billion and $1.8 billion in leveraged crypto positions were liquidated over 24 hours, mostly on the long side. Axel Adler Jr. said Bitcoin’s slow impulse indicator had dropped to -59 and the fast impulse indicator was near -90, while 30-day net taker volume turned negative for the first time in nearly three months. The pressure came after earlier reports showed Bitcoin falling more than 6% toward $66,000 and the Bitcoin Volatility Index, or BVIV, jumping nearly 20% to 46.45%, signaling sharper expectations for near-term price swings.