Bitcoin falls about 17% as liquidations mount and ETF outflows deepen

Bitcoin fell about 14% to 17% over roughly a week, dropping toward $61,300-$62,400 and briefly back below $64,000 on June 5 before rebounding above that level, as leveraged liquidations, sustained U.S. spot Bitcoin ETF outflows, weak U.S. demand signals, softer macro sentiment, and Strategy’s disclosed sale of 32 Bitcoin weighed on sentiment. The decline left Bitcoin facing its worst week of 2026, with the weekly loss cited at 13.5% in one update. Analysts including QCP Group, Glassnode, Bitwise’s Andre Dragosch, Standard Chartered’s Geoff Kendrick and trader Daan Crypto Trades said the market was retesting the 200-week moving average around $61,000, with the low-$60,000 area and realized price near $56,000 seen as key support zones. Liquidation estimates varied by asset scope and measurement window, ranging from about $1.5 billion in Bitcoin futures liquidations to roughly $3 billion over two days and as much as $4.5 billion across the broader crypto sell-off, while U.S.-listed spot Bitcoin ETFs saw a 13-day outflow streak totaling about $4.33 billion, with other reporting citing about $4.21 billion to $4.4 billion over related periods.