Bitcoin ETFs Just Posted Their Third-Worst Week Ever And BTC Can’t Hold $60,000

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Ahmed Barakat

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Ahmed Barakat

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Aug 2025

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Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

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Last updated: 

June 30, 2026

Spot bitcoin ETFs just posted their third-worst week on record, bleeding $1.79 billion in net outflows between June 22 and June 26، and BTC hasn’t been able to hold the $60,000 handle since.

Ethereum is trading near $1,585, up a marginal 0.7% over 24 hours but still down roughly 8% on the week, while ether ETFs just extended their outflow streak to seven consecutive weeks.

There’s a detail buried in the fund-flow breakdown that most headline readers are missing.

BlackRock’s IBIT alone accounted for $1.3 billion of the bitcoin ETF exodus, with Fidelity’s FBTC adding $314.9 million and Grayscale’s GBTC shedding another $135.3 million. Smaller pockets of demand, Grayscale’s Bitcoin Mini Trust picked up $71.7 million, Morgan Stanley’s MSBT brought in $26.2 million, were nowhere near enough to offset the tide.

Meanwhile, analysts are flagging BTC’s current state as a fragile recovery phase, with roughly $448 million in leveraged long liquidations clearing out in the last 24-hour window alone. The macro backdrop isn’t helping: Federal Reserve meeting minutes and U.S. Treasury General Account movements are the two catalysts traders are stacking their scenarios around this week.

What happens at $60,000 over the next 48 hours will answer most of the near-term questions.

Can Bitcoin and Ethereum Hold Support as ETF Outflows Mount?

Bitcoin is currently oscillating between $60,000 and $59,400. The $60,000 level has now been a firm rejection zone across multiple breakout attempts, with sell-side pressure consistently materializing as the price approaches that level.

Rebuilding open interest suggests some traders are re-entering, but short-dated put options are still trading at a premium to calls; the market is hedging downside, not loading for upside.

Key support sits at $59,000, with a deeper floor in the mid-$50,000s if that level fails. The bull case depends on Fed minutes landing dovish enough to trigger a risk-on rotation; if that materializes, a move back toward the $64,000–$66,000 prior resistance zone becomes credible.

The base case is a continued range chop between $59,000 and $62,000 until a macro catalyst forces a directional decision. Bear case invalidation: a clean close below $59,000 with volume opens the mid-$50,000s as the next structural reference.

Ethereum’s picture is marginally more stable but not materially better. At $1,585, ETH is holding above the $1,530–$1,550 intraday low zone, and the $1,500 level remains the line that matters. A break there, per technical consensus, opens further downside with limited structural support until the low-$1,400s.

The recovery target is $2,000, but ETH needs to reclaim $1,700 first, and seven straight weeks of ETF outflows don’t suggest that institutional rotation is imminent. The $3 billion-plus outflow pattern is becoming a structural overhang, not a one-week anomaly.

Bitcoin Hyper Could be The Next 1000x In Crypto And Here is Why

When BTC consolidates in a range defined by macro uncertainty and institutional de-risking, the asymmetric opportunity shifts to early-stage infrastructure with direct Bitcoin exposure, but without the ETF wrapper or the spot price ceiling.

Smart money accumulation in Bitcoin Layer 2s during ETF outflow cycles is a pattern that’s begun attracting serious attention precisely because the infrastructure thesis doesn’t require BTC to immediately reclaim $64,000.

Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin Layer 2 with full Solana Virtual Machine (SVM) integration, targeting the core limitations that have kept Bitcoin’s programmability behind Ethereum and Solana: slow transactions, high fees, and no native smart contract layer.

The presale is currently priced at $0.0136824, with $32,898,380.61 raised to date. Staking is live with a high APY, and the architecture includes a Decentralized Canonical Bridge for BTC transfers alongside sub-second finality claims that, if delivered, would make it faster than Solana on its own infrastructure. The $32M raised during the current BTC dip isn’t noise; it reflects genuine appetite for scalable Bitcoin infrastructure ahead of a potential macro pivot.

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