Bitcoin Falls to Low $60,000s as ETF Redemptions and Deleveraging Weigh on Market

Overview

• Data trackers and exchange strategists report consecutive net redemptions from U.S. spot bitcoin ETFs, with one firm citing about $4.4 billion pulled over the recent stretch and another showing $1.4 billion of outflows in the latest week.
• The selling pushed bitcoin down into the low-to-mid $60,000s, with market feeds showing prices around $61k–$63k and some intraday prints briefly below $60k on parts of the market.
• Rapid deleveraging amplified the fall, with an estimated $3 billion in liquidations over two days and open interest in derivatives declining roughly 8.5 percent, signaling reduced margin use by traders.
• High-profile moves by large holders intensified pressure: Strategy sold a small portion of its holdings and analysts flagged rising big-account deposits to exchanges as signals of potential further sales.
• Market analysts say a sustained rebound will likely need renewed institutional buying or a favorable macro shift, while technical watchers point to $65,000 as near-term resistance and $59,000–$53,000 as the next support band.