$BTC US investors pulled $91.4 million from spot ETFs on Monday, a significant drop compared to the $325.7 million that exited on Friday. Still, Bitcoin ETFs have now recorded three consecutive weeks of net outflows, losing $1.7 billion just last week, marking their worst weekly performance since February 2025.
Several factors have weighed on market sentiment, including risk aversion linked to the Gulf war, concerns over rising interest rates, and a shift in investor interest towards AI-related assets.
At the same time,
#strategy , the leading institutional holder of Bitcoin, bought 1,550 Bitcoin for $101 million during the recent price dip, bringing its total holdings to 845,256 units. This purchase comes after the firm sold 32 Bitcoin on June 1, which had itself contributed to the negative sentiment around crypto.
Amid this latest wave of sell-offs, crypto investor and Bitcoin pioneer Michael Terpin warns that a bottom at $57,000 could approach sooner than he initially expected. While his original forecasts pointed to September or October, Terpin now estimates a 50% chance that the cycle low may arrive before mid-July.
"Most likely, we’re going to dip further from here, but that’s not a reason to panic. It’s a reason to buy the dip, as Bitcoin cycles have always capitulated (so far) in the median year, then rebound strongly for three years before the next bubble bursts," said Terpin, CEO of venture capital firm Transform Ventures and author of Bitcoin Supercycle.
If the bottom arrives before mid-July, October prices would likely exceed $70,000, he added.
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