Bitcoin Market Update
June 11, 2026
Bitcoin is struggling to hold $61K and honestly, the data isn't looking great right now.
ETF outflows haven't stopped — we're talking 13 straight days of net selling, nearly $4.3B gone. Institutional demand just hit its lowest point since 2020. Weekly BTC demand dropped 652,000 BTC in a single week. That's not a small number.
Price is hovering in the $60K–$63K zone. This area has historically been a strong demand zone, but with this much selling pressure from ETFs and whales distributing, I wouldn't call a bottom just yet.
🪽RSI is deeply oversold though — and volume spiked during the drop. Could be capitulation. Could also just be the beginning of a bigger flush. We'll see.
The $60K level is the one to watch. If it holds, there's a case for a relief rally. If it breaks, next significant support is much lower.
Staying patient. Not rushing into anything until the market shows its hand.
*DYOR - Not financial advice.
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