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Ahmed Barakat
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Bitcoin ETFs have just posted their third worst week on record, bleeding $1.79 billion in net outflows between June 22 and June 26, and BTC has not been able to hold the $60,000 handle since.
Ethereum is trading near $1,585, up a modest 0.7% over 24 hours but still down nearly 8% for the week, while ether ETFs only added to their gains. seven consecutive weeks.
There are details buried in the fund’s breakdown that many readers of the chapter are missing.
BlackRock’s IBIT alone had $1.3 billion of ETFs, Fidelity’s FBTC added $314.9 million and Grayscale’s GBTC shed $135.3 million. Smaller pockets wanted, Grayscale’s Bitcoin Mini Trust collected $71.7 million, Morgan Stanley’s MSBT brought $26.2 million, they were not close enough to stop the wave.
Currently, analysts are projecting BTC’s current status as a poor recoverywith a total of $448 million released in just a 24-hour window. The key results are not helping: Federal Reserve meeting minutes and US Treasury General Account movements are what traders are focusing on this week.
What happens at $60,000 in the next 48 hours will answer many questions that are at hand.
Could Bitcoin and Ethereum Join Support as ETF Outflows Mount?
Bitcoin is currently hovering between $60,000 and $59,400. The level of $ 60,000 has now become a strong resistance point in several tests, with the pressure of the sell side every time the price approaches that level.
Resetting open interest shows that some traders are entering again, but long-term options are still trading at the call price; the market is spiraling down, not upside down.
The key support is at $59,000, with a bottom in the $50,000s if that level fails. The bull case relies on the Fed’s minutes landing hard enough to trigger a rotation; if this is possible, a return to $64,000–$66,000 in the resistance zone is likely.
The initial case is still between $59,000 and $62,000 until a major contributor forces a decision. Unacceptable bear: a clean close below $59,000 and volume opens in the mid-$50,000s as the next direction.
The image of Ethereum is a bit stable but not physically. At $1,585, ETH is holding above the $1,530–$1,550 intraday low zone, and the $1,500 level is still an important line. A break there, according to technical consensus, opens up further declines with limited support to the low $1,400s.
The return target is $2,000, but ETH needs to return to $1,700 first, and seven straight weeks of ETF outflows do not indicate that institutional change is imminent. A $3 billion-plus foreign policy it’s becoming a steady increase, not a one-week spike.
Bitcoin Hyper Could Be The Next 1000x In Crypto And Here’s Why
When BTC is coupled with high uncertainty and institutional risk-taking, limited opportunities shift to early stage assets with Bitcoin features, but without the ETF wrapper or price cap.
Accumulating smart investments in Bitcoin Layer 2s on an emerging ETF It is an example that has started to attract more attention because the theory of construction does not require BTC to take $64,000 immediately.
Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin Layer 2 with full integration of the Solana Virtual Machine (SVM), following the limitations that have kept Bitcoin software behind Ethereum and Solana: slow transactions, high costs, and no intelligent layer.
The transaction is at a price of $0.0136824, and $32,898,380.61 has been raised so far. Staking has a high APY, and the infrastructure includes a Decentralized Canonical Bridge for BTC to be transferred along with secondary endpoints that, when provided, will make it faster than Solana on its basis. A total of $32M was raised during the BTC dip it is not noise; It shows the true desire of the Bitcoin infrastructure ahead of the macro pivot.
