📉 $BTC — the worst week of 2026
$BTC opened the week at $73,500 and closed at $62,000 📉 a brutal -15.6% in five days. During the weekend it tested the $59K major support — a level not seen since early 2026. This is now 51% below the October 2025 all-time high of $126,200. Months of recovery erased in one week. 😶
🏦 ETF — 13 days, $4.4B gone, a historic record
US spot Bitcoin ETFs recorded 13 consecutive days of net outflows from May 15 to June 3, draining $4.4B and flipping 2026 cumulative flows negative for the first time since launch. BlackRock's IBIT alone absorbed $3.3B of the damage. Total ETF assets fell from $104.29B to $82.83B — a $21.46B collapse in three weeks, from redemptions and falling price compounding each other.
One small positive — the streak finally ended on June 5 with a token $3.05M net inflow. Not a reversal — just a pause. But the bleeding stopped for one day. 👀
🔴 13 consecutive days — longest outflow streak in ETF history
🔴 Total drained: -$4.4B since May 15
🔴 BlackRock IBIT alone: -$3.3B
🔴 YTD flows: negative for the first time since launch
🟡 June 5: streak ended with +$3.05M — very small, watch next week
💥 cascade — how it actually happened
The drop wasn't random. It was a chain reaction that had been building for weeks 👇
ETF outflows weakened price → market was overleveraged → Strategy sold $BTC for the first time in 4 years (only 32 BTC but the signal broke confidence) → Mt. Gox moved 10,306 BTC worth $731M → panic spread → $1.8B in leveraged longs liquidated → 272,000 traders flushed → price accelerated to $62K. Long positions made up nearly 90% of all liquidations. The trigger was small. The damage was historic. 🧠
💼 NFP — strong but doesn't help
NFP came in strong this week — but in this environment a strong jobs report is actually bad for $BTC. Strong jobs = Fed keeps rates high = no cuts coming = pressure on risk assets. Strong US employment data pushed expectations for Fed rate cuts further into the future, reinforcing a higher-for-longer rate environment and reducing liquidity in speculative markets. 😬
🛢️ iran — negotiations ongoing, hormuz partially open
The war in Iran continues — day 97+ of the conflict. Negotiations are still on the table but no final deal confirmed. The Strait of Hormuz is now partially open — a small improvement from full closure but nowhere near normal. Oil remains elevated. Until a permanent deal is signed and Hormuz fully reopens, inflation stays under pressure and the Fed stays stuck. 👁️
🔑 week in short
BTC 📉 $73,500 → $62,000 (-15.6%) — worst week of 2026
🛑 Weekend test: $59K major support 👀
🏦 ETF -$4.4B over 13 days — historic record 🚨
💥 $1.8B liquidated — 272,000 traders flushed
💼 NFP strong — bad for BTC in this environment
🛢️ Hormuz partially open — Iran talks ongoing
😰 Market sentiment: risk-off, fear dominant
The 13-day outflow streak ending on Friday is the only small positive of the week. $59K–$62K is now the critical zone to hold. Lose it and there is very little support before $55K. Watch this level closely next week. 🎯
#Liquidations #NFP #dyor #MarketSentimentToday #IranIsraelConflict
