{"id":403,"date":"2026-06-02T14:39:27","date_gmt":"2026-06-02T14:39:27","guid":{"rendered":"https:\/\/1stblock.info\/?p=403"},"modified":"2026-06-02T14:39:28","modified_gmt":"2026-06-02T14:39:28","slug":"bitcoin-etfs-log-record-10-day-outflow-streak-as-btc-falls-below-70k","status":"publish","type":"post","link":"https:\/\/1stblock.info\/?p=403","title":{"rendered":"Bitcoin ETFs Log Record 10-Day Outflow Streak as BTC Falls Below $70K"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">U.S. spot Bitcoin ETFs recorded net outflows for a tenth consecutive trading session on Tuesday, their longest unbroken losing streak since launch, as <strong>BTC<\/strong> fell below the <strong>$70,000<\/strong> psychological support level for the first time since April amid a confluence of supply-side catalysts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The 10-day outflow run has now pulled more than <strong>$3 billion<\/strong> out of the fund complex, <em>per SoSoValue data<\/em>. Total assets under management across all U.S. spot <strong>BTC<\/strong> ETFs have dropped to approximately <strong>$94 billion<\/strong>, down from a peak of <strong>$107.75 billion<\/strong> in mid-May. BlackRock&#8217;s <strong>IBIT<\/strong> has borne the largest share of redemptions, with the fund alone recording roughly <strong>$2.4 billion<\/strong> in cumulative net outflows since May 18, <em>according to data cited by multiple market trackers<\/em>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tuesday&#8217;s slide below <strong>$70,000<\/strong> was amplified by two specific catalysts arriving in the same session. Mt. Gox&#8217;s rehabilitation estate moved <strong>10,422 BTC<\/strong> worth approximately <strong>$739 million<\/strong> from cold storage to previously unseen wallet addresses at 04:47 UTC, <em>per Arkham Intelligence<\/em> \u2014 the estate&#8217;s largest single transfer in months ahead of its October 31, 2026 creditor repayment deadline. Within an hour, <strong>BTC<\/strong> had dropped from <strong>$71,000<\/strong> to an intraday low near <strong>$69,371<\/strong>, triggering more than <strong>$766 million<\/strong> in liquidations across the broader market, predominantly from overleveraged long positions. Separately, an SEC 8-K filing revealed that Strategy sold <strong>32 BTC<\/strong> between May 26 and May 31 to fund preferred stock distributions \u2014 a negligible <strong>$2.5 million<\/strong> divestment against a <strong>843,738 BTC<\/strong> holding, but the first publicly confirmed sale by the firm, which rattled sentiment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Bitcoin<\/strong> is now trading approximately <strong>44%<\/strong> below its all-time high of roughly <strong>$126,000<\/strong> set in October 2025. The Crypto Fear &amp; Greed Index fell to <strong>23<\/strong>, deep in extreme fear territory. Analysts note that Mt. Gox creditor history suggests most recipients hold rather than sell immediately \u2014 prior distribution rounds produced less market impact than feared \u2014 but the headline transfers reliably trigger short-term selling in thin liquidity conditions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The forward calendar adds further uncertainty. Mt. Gox still holds approximately <strong>34,504 BTC<\/strong> valued at <strong>$2.43 billion<\/strong> with the repayment deadline running to October 31, 2026, meaning periodic wallet movements are likely to recur. For ETF flows, a reversal of the current streak will probably require a stabilization of <strong>BTC<\/strong> price and a clean macro session \u2014 neither of which materialized on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. spot Bitcoin ETFs recorded net outflows for a tenth consecutive trading session on Tuesday, their longest unbroken<\/p>\n","protected":false},"author":2,"featured_media":404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eft"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts\/403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=403"}],"version-history":[{"count":1,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts\/403\/revisions"}],"predecessor-version":[{"id":405,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts\/403\/revisions\/405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/media\/404"}],"wp:attachment":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}