Bitcoin near $60,000 today vs February: Institutional sentiment has flipped

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin near $60,000 today vs February: Institutional sentiment has flipped Bitcoin’s return to $60,000 is drawing heavy ETF outflows, marking a sharp reversal from February when institutional selling eased into the dip. By Omkar Godbole Jun 7, 2026, 4:14 p.m. 1 min read Make preferred on What to know : Bitcoin has returned to about $60,000, but unlike in February, spot bitcoin ETF investors are now selling heavily into the price dip. U.S.-listed spot bitcoin ETFs saw $1.72 billion in net outflows last week, the largest weekly redemption in over a year and far above the $318 million outflow when prices last neared $60,000 in early February. Outflows from these ETFs have accelerated for four straight weeks as prices fell, signaling a more bearish institutional stance than February. Bitcoin BTC $ 62,806.40 is back to trading at levels seen in early February: near $60,000. But this time, the response from institutions is totally different. Today, they are aggressively selling into the dip, ETF flows indicate, unlike in February, when selling slowed as prices dropped to near $60,000. That marks a fundamental shift in how institutions view bitcoin at this level. The 11 U.S.-listed spot bitcoin ETFs saw net outflows of $1.72 billion last week. That's the largest single-week redemption in over a year, according to data source SoSoValue . Back in the first week of February, when BTC crashed to nearly $60,000, the ETFs bled just $318 million. The bearish contrast doesn't end there. Outflows have accelerated for four consecutive weeks, rising from $1 billion in the week ended May 15 to $1.26 billion, then $1.26 billion and $1.42 billion in the following two weeks, and most recently $1.72 billion. In February it was different. The week BTC hit $60,000 saw $318 million leave. But the two weeks before that had seen $1.33 billion and $1.49 billion leave. In essence, as the price crashed, outflows slowed. Buyers showed up. This time, the trend has reversed: As price fell, outflows accelerated. Week after week, faster redemptions and no institutional bid beneath them. The pattern tells a bearish story and suggests the bulls may have tough time holding on to the $60,000 support. As of writing, bitcoin changed hands near $62,000. Bitcoin News More For You Bitcoin's slide has no single cause. AI, tech IPOs, quantum, Strategy sale all play a role, NYDIG says By Krisztian Sandor | Edited by Nikhilesh De 17 minutes ago Not one, but several overlapping headwinds are hitting the crypto market at once, weighing on bitcoin's price, the firm's head of research Greg Cipolaro said. What to know : Bitcoin's weakness stems from multiple converging headwinds rather than a single catalyst, NYDIG's Greg Cipolaro said in a report. AI momentum, high-profile tech IPOs, quantum and security fears, sanctions on Iranian crypto exchanges and Strategy's BTC sale all played a role in the selloff, he said. Onchain metrics point at... Read full story Latest Crypto News Bitcoin's slide has no single cause. AI, tech IPOs, quantum, Strategy sale all play a role, NYDIG says 17 minutes ago Abra’s Bill Barhydt says Wall Street’s next crypto bet is tokenization 1 hour ago Ethereum Foundation cuts and departures aren't a crisis, Joe Lubin says 3 hours ago Bitcoin, ether eye worst weekly rout since FTX collapse as cryptos shed $390 billion 20 hours ago Meta is paying creators in Stablecoins. Spending them is someone else's problem 23 hours ago America’s largest banks are building a new digital currency network to stop a massive deposit drain Jun 6, 2026 Top Stories Satoshi-era bitcoin at center of $285 billion lawsuit moves after 14 years Jun 6, 2026 Bitcoin back above $61,000 after rout leads to $1.6 billion liquidations Jun 6, 2026 A massive hiring wave reveals trading firms are no longer viewing Polymarket as a niche betting tool Jun 6, 2026 Why diehard bitcoin purists aren’t sweating the massive price crash that wiped out $200 billion Jun 5, 2026 A crypto pioneer who turned a $20 million family stake into a billion-dollar fund doubles down on bitcoin Jun 6, 2026 Are retail traders selling their bitcoin to buy the SpaceX IPO? Jun 6, 2026 In this article BTC BTC $ 62,806.40 ◢ 2.60 %