{"id":441,"date":"2026-06-25T15:30:34","date_gmt":"2026-06-25T15:30:34","guid":{"rendered":"https:\/\/1stblock.info\/?p=441"},"modified":"2026-06-25T15:30:34","modified_gmt":"2026-06-25T15:30:34","slug":"bitcoin-etfs-shed-469m-in-a-single-day-as-btc-hits-21-month-low-near-59k","status":"publish","type":"post","link":"https:\/\/1stblock.info\/?p=441","title":{"rendered":"Bitcoin ETFs shed $469M in a single day as BTC hits 21-month low near $59K"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">U.S. spot Bitcoin ETFs recorded <strong>$469 million<\/strong> in net outflows on June 24, the largest single-day redemption of the month, <em>according to data compiled by Farside Investors<\/em>, as <strong>BTC<\/strong> fell to its lowest level since September 2024.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>BlackRock<\/strong>&#8216;s <strong>IBIT<\/strong> led withdrawals with <strong>$239 million<\/strong> exiting the fund in a single session. <strong>BTC<\/strong> printed an intraday low of <strong>$59,103<\/strong> during the day \u2014 a level unseen in 21 months \u2014 triggering <strong>$994 million<\/strong> in total market liquidations, with <strong>$780 million<\/strong> of that coming from long positions, <em>per CoinGlass data<\/em>. The token has since recovered to approximately <strong>$61,500<\/strong>, but the weekly balance remains deeply negative.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The selling came on an unusual macro day. Micron Technology reported blowout fiscal third-quarter results after Wednesday&#8217;s close \u2014 revenue of <strong>$41.5 billion<\/strong> versus a <strong>$35.8 billion<\/strong> consensus estimate, with Q4 guidance of <strong>$50 billion<\/strong> well ahead of expectations. AI-linked equities surged. <strong>BTC<\/strong> did not follow. The divergence reinforces a pattern that has defined much of 2026: capital rotating toward AI-linked names while crypto struggles to hold key support levels. Precious metals also continued lower alongside <strong>BTC<\/strong>, with gold trading near <strong>$4,000 per ounce<\/strong>, down <strong>6%<\/strong> year-to-date and well off its January record.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Underlying demand metrics remain weak. The Coinbase Premium Index \u2014 which measures pricing on Coinbase relative to Binance as a proxy for U.S.-based spot demand \u2014 has stayed negative for <strong>46 consecutive days<\/strong>, the longest uninterrupted stretch on record. Total 24-hour trading volume spiked to <strong>$98 billion<\/strong> from <strong>$76 billion<\/strong> the prior session, largely driven by forced liquidation activity rather than organic accumulation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Fear &amp; Greed Index fell to <strong>12 out of 100<\/strong>, approaching all-time lows. The June 24 outflow also partly unwinds a brief recovery period: U.S. spot <strong>BTC<\/strong> ETFs had snapped a record 13-day, <strong>$4.4 billion<\/strong> outflow streak in early June before stabilizing \u2014 a reprieve that now looks short-lived.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Technically, <strong>$59,000\u2013$60,000<\/strong> has absorbed multiple intraday tests and holds as near-term support. A daily close below that level would likely accelerate selling toward <strong>$55,000<\/strong>. Resistance sits at <strong>$63,000\u2013$64,000<\/strong>, where the 200-day moving average is clustered. Upcoming U.S. PCE inflation data is the next material catalyst \u2014 a softer reading could help reverse ETF outflows; a hotter print would reinforce expectations for further Fed rate hikes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. spot Bitcoin ETFs recorded $469 million in net outflows on June 24, the largest single-day redemption of<\/p>\n","protected":false},"author":2,"featured_media":442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-441","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\/441","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=441"}],"version-history":[{"count":1,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts\/441\/revisions"}],"predecessor-version":[{"id":443,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts\/441\/revisions\/443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/media\/442"}],"wp:attachment":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}