Bitcoin Slides 3% to $61,418 as Spot ETF Outflows Extend Into Third Day

Bitcoin changed hands near $61,418 after posting a roughly 3% decline on the day, with the broader digital-asset market moving lower in tandem. Ether traded around $1,631 as selling pressure spread beyond $BTC, hitting altcoins with greater force.

ETF Flows Turn Headwind for Third Straight Session

Spot Bitcoin ETF products recorded net outflows for a third consecutive day, adding sustained redemption pressure to an already softening tape. Three days of consecutive outflows marks a meaningful shift in short-term sentiment for instruments that had drawn consistent institutional inflows in earlier weeks. The flow data matters because ETF redemptions force authorized participants to sell underlying $BTC, creating mechanical sell-side supply that compounds any broader risk-off move.

Institutions Step In Near $60K

Despite the outflow streak at the ETF level, institutional buyers were reported accumulating near the $60,000 mark—a price level that has functioned as a gravitational zone in prior pullbacks. That divergence between ETF-level redemptions and direct institutional buying suggests at least some larger participants view the current drawdown as an entry point rather than a structural break. Whether that demand is sufficient to arrest the slide depends on whether outflows continue or reverse.

Broader Market Takes a Harder Hit

The selloff registered more sharply across the wider crypto market than in $BTC alone, consistent with the pattern in risk-off episodes where liquidity migrates toward larger-cap assets. Ether's decline to around $1,631 tracked the move lower without amplifying it dramatically, though smaller tokens absorbed steeper losses. With $BTC holding above $61,000 at the close of the session, the question for the next session turns on ETF flow data: a fourth straight day of outflows would test whether institutional dip-buyers near $60,000 have the depth to absorb continued forced selling.