Bitcoin fell toward $60,000 in June 2026, reaching its lowest level in 20 months amid continued withdrawals from U.S.-listed spot bitcoin ETFs and tighter global financial conditions.
Data cited by CoinDesk showed about $1.72 billion of net ETF outflows in the week referenced on June 7, compared with about $318 million in the first week of February when bitcoin was previously near the same price area. A 13-session outflow run totaling roughly $4.4 billion ended only with a net inflow of about $3.05 million. Total bitcoin ETF assets were reported at about $80.40 billion, down from $104.29 billion at the start of that outflow streak, and later reporting described a sixth consecutive week of net outflows.
Broader market conditions featured a Dollar Index around 100.6-100.8 and elevated Treasury yields, with the 10-year yield near 4.5%. Glassnode data showed recent buyers remained under water, with short-term holder MVRV below 1 and a trough near 0.81, while the share of short-term holder supply in profit fell to about 0.6% and recovered only to about 3.3% versus a four-year mean near 55%.
The AVIV ratio z-score was around -1.06 after a low near -1.09, Coinbase premium remained negative, and corporate treasury inflows slowed to near zero since June. In derivatives markets, long positions concentrated between $64,000 and $70,000 were liquidated after support broke, one-week at-the-money implied volatility briefly moved above 60%, and 25-delta skew rose across tenors, reflecting higher demand for downside protection.