Every market has a number that becomes a story. For Bitcoin, that number is near $60,000.
It’s a threshold that has historically acted as important support. Bitcoin has tested it and bounced back in the past.
Institutional flows for Bitcoin are deteriorating. ETF outflows have accelerated to nearly $5 billion over the past month, among the heaviest stretches since these products launched.
That matters, because institutional demand had become a meaningful stabilizing force for Bitcoin.
At the same time, traditional safe-haven assets are seeing increasing demand. When crypto weakens and defensive assets strengthen in tandem, it often signals a broader move toward risk-off positioning.
