Bitcoin plunges below $62,000 as ETF outflows and Strategy sale rattle market

Bitcoin fell nearly 8% to about $61,463 as U.S. spot Bitcoin ETFs logged their longest net-withdrawal streak since launch, while other crypto sectors including AI tokens and DeFi showed pockets of gains.

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Summary

Bitcoin fell below $62,000 late Wednesday, extending a broad sell-off that left the token down nearly 8% over 24 hours to about $61,463.22 and close to the closely watched $60,000 level. Market pressure came from sustained outflows from U.S. spot Bitcoin ETFs, a disclosed 32-Bitcoin sale by Strategy to help fund dividend obligations, and a broader risk-off backdrop tied to U.S.-Iran tensions. At the same time, sector performance across crypto was mixed: SoSoValue data showed AI-related tokens rising 3.59%, led by Worldcoin's 22% jump, while DeFi gained 1.93% even as Bitcoin fell 6.19% and Ethereum dropped 4.52% below $1,800.

Terms & Concepts
  • spot Bitcoin ETFs: Funds that hold Bitcoin directly.
  • net outflows: More money leaving than entering a fund.
  • risk-off: A market move in which investors shift away from volatile assets toward perceived safer ones.