Bitcoin plunges below $59K amid record ETF outflows and options expiry
Bitcoin fell below $59,000 on June 26, 2026, after a 6.4% weekly decline, pressured by a record $691 million daily outflow from US spot Bitcoin ETFs—the largest since May 27. The drop coincided with Deribit’s $10.6 billion quarterly options expiry, where most contracts are set to expire worthless. Over $1.1 billion in leveraged crypto positions were liquidated. Further macro headwinds include hawkish Fed policy and geopolitical tensions. Bitcoin ETFs posted their worst month ever with $4.06 billion in outflows, signaling collapsing institutional demand.
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Bitcoin ETFs See Influx of Capital After 10-Day Losing Streak
Spot Bitcoin ETFs recorded their biggest single-day capital inflow in two months on July 2, 2026, attracting $221.7 million after a painful 10-day losing streak that saw $2.73 billion withdrawn. The inflows offer tentative hope for a turnaround in the third quarter after a difficult first half of the year, with year-to-date cumulative net outflows reaching $5.4 billion, including $4 billion pulled in June alone. Bitcoin's price had fallen to a 21-month low of $58,000 at the end of June but has since recovered to $61,800 as investors rotate capital out of richly valued AI and microchip stocks. Analysts have largely blamed institutional investors for the sustained outflows during Bitcoin's price decline.
Yahoo FinanceBitcoin ETFs Record Worst Month Ever with $4.06 Billion in Outflows
In June 2026, Bitcoin exchange-traded funds (ETFs) suffered their worst month on record, with net outflows reaching $4.06 billion, surpassing the previous record of $3.56 billion set in February 2025. Weekly outflows of $1.79 billion were the second-highest since ETFs began trading in January 2024. The persistent redemptions contrast with expectations of a rebound following SpaceX's IPO on June 12. Analysts attribute the decline to collapsing institutional demand, with Bitcoin trading near a two-year low at $59,350. May 2026 also saw $2.43 billion in outflows, bringing the two-month total close to $6.50 billion. The trend signals waning investor enthusiasm for crypto exposure via ETFs.
Yahoo FinanceBitcoin ETFs Suffer Worst Month Ever with Record Outflows
Bitcoin exchange-traded funds (ETFs) are on track for their worst month on record in June 2026, with net outflows reaching $4.06 billion, surpassing the previous record of $3.56 billion set in February 2025. Last week alone saw $1.79 billion in redemptions, the second-highest weekly outflow since trading began in January 2024. The continued outflows run counter to expectations for a rebound following the IPO of SpaceX on June 12. Analysts attribute the trend to a collapse in institutional investor demand. Bitcoin is currently trading at $59,350, near a two-year low. The outflows follow $2.43 billion in redemptions in May, bringing the two-month total to nearly $6.50 billion.
Yahoo FinanceBitcoin Tests $59K as ETF Outflows and Options Expiry Weigh on Market
Bitcoin fell back below $60,000 on June 26, 2026, reaching an intraday low of $58,189 before stabilizing near $59,000, a 6% weekly decline. The drop was driven by $691.7 million in net outflows from U.S. spot Bitcoin ETFs, the heaviest daily redemptions since late May, signaling waning institutional demand. Additionally, about $10.6 billion in Bitcoin options contracts expired on Deribit, with Bitcoin trading well below the $72,000 max pain level. Over $1.1 billion in crypto positions were liquidated in 24 hours, mostly long positions. Analysts view $60,000 as a critical level; failure to regain it could invite further downside amid thin liquidity and continued ETF selling pressure.
Yahoo FinanceBitcoin Tests $59K as ETF Outflows and Options Expiry Weigh on Market
Bitcoin dipped below $60,000 to an intraday low of $58,189 on June 26, 2026, before stabilizing near $59,000, marking a weekly decline of over 6%. The downturn is driven by heavy spot Bitcoin ETF outflows totaling $691.7 million on Thursday, the largest daily redemption since late May, and a $10.6 billion quarterly options expiry on Deribit. Over $1.1 billion in leveraged crypto positions were liquidated, with $875 million in longs. Analysts view $60,000 as a critical support level; failure to reclaim it could invite further downside amid thinning liquidity and institutional selling pressure. Bitcoin is currently trading at $59,641.
Yahoo FinanceBitcoin Tests $59K as ETFs Shed $692M, Options Expiry Looms
Bitcoin dipped below $59,000 on Friday, down 6.4% over the past week, pressured by a record $691 million outflow from US spot Bitcoin ETFs on Thursday, the largest single-day exodus since May 27. The decline coincides with the year's largest quarterly options expiry on Deribit worth $10.6 billion, where 80% of contracts are likely to expire worthless given Bitcoin trading well below the $72,000 max pain level. Over $1.1 billion in leveraged crypto positions were liquidated in the past 24 hours, mostly long bets. Strategists note the $60,000 mark is a critical support level; a breach could accelerate downside. Macro headwinds include new Fed Chair Kevin Warsh's hawkish stance and the Iran conflict delaying rate cuts. Galaxy Digital CEO Mike Novogratz sees Bitcoin range-bound until a catalyst such as Clarity Act passage or a Fed rate cut emerges.
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