*Price right now*: $61,062 on Binance, down -1.44% today. Day range: $59,102 - $61,962. In PKR: Rs 57,69,254, down -2.51% in 24h. f72271a2
*Whatโs moving BTC lately:*
1. *ETF outflows*: Spot bitcoin ETFs saw โผ$4B in outflows since May 15, with $1.4B just this week. US-listed Bitcoin ETFs had nearly $4B in outflows over 12 straight sessions.
2. *Strategy Inc. selling*: Michael Saylorโs firm sold โผ$2.5M of BTC, its first ever sale. That spooked sentiment since theyโre a major corporate holder.
3. *Macro + geopolitical*: Concerns over US Fed rate hikes, unresolved US-Iran tensions, and capital rotating into AI stocks instead. 2b4884e266bfde4e
*Context*: BTC dropped below $60K on June 5, hitting its weakest level since Oct 2024. Itโs now down >50% from the $126K peak last October. 66bf84e2
*Bull case*: Fidelityโs Jurrien Timmer says BTC is โbuilding a large baseโ after bouncing from $60,033 to $78,344, prepping for the โnext major up waveโ. Coinbase also expanded fiat rails with Standard Chartered, which lowers barriers for institutional money. 34299c11
This isnโt financial advice โ crypto is volatile. Want me to set up a quick price alert for $60K or $65K levels?
$BTC #Btc #btc70k #BTCNewHigh