Bitcoin Steadies at $61,100 After Sub-$60,000 Dip as Spot-ETF Outflows Top $2.97 Billion

$BTC traded near $61,100 on June 9 after briefly sliding beneath $60,000, finding footing in a $62,000-to-$63,000 range before settling lower — capping a week that stripped roughly 10% from the token's value. Spot-Bitcoin ETF outflows topping $2.97 billion and a sale of $BTC by Strategy defined the institutional dimension of the move.

A 10% Weekly Loss Sets the Tone

Bitcoin's roughly 10% weekly decline reflects sustained selling rather than a single sharp event. The break beneath $60,000 crossed a level markets had treated as support before bids returned and pushed the token back toward the low $60,000s. On June 9, $BTC was holding near $61,100 — below the $62,000-to-$63,000 band where it had briefly stabilized, a sign that buying conviction remained shallow.

Spot-ETF Outflows Cross $2.97 Billion

Cumulative outflows from U.S. spot-Bitcoin ETFs topped $2.97 billion, making them the most legible institutional signal of the week. When investors redeem ETF shares at scale, issuers must sell underlying $BTC to return cash — a direct and measurable source of spot supply that is distinct from futures-based positioning. At close to $3 billion, the outflow figure provides a concrete explanation for why spot prices found limited relief even when short-term bids emerged.

Strategy Reduces Its Holdings

Strategy, the company that built its corporate identity around large-scale Bitcoin accumulation and became one of the most closely watched corporate holders of $BTC, sold Bitcoin during the period. Any reduction in holdings from a firm whose public thesis centers on accumulation rather than trading draws attention — and in a week already shaped by $2.97 billion in ETF redemptions, it reinforced the picture of institutional sellers outweighing buyers across multiple channels.