Semilore Faleti

US Bitcoin Spot ETFs reported net outflows of $1.42 billion in the final week of May, extending the persistent negative trend observed throughout most of the

US Bitcoin Spot ETFs reported net outflows of $1.42 billion in the final week of May, extending the persistent negative trend observed throughout most of the month. The bearish performance by these investment funds aligns with Bitcoin's price struggles, when the premier cryptocurrency failed to breach the key resistance of $82,000 around May before slipping into another correction.

The US Spot Bitcoin ETFs are experiencing a sustained bearish performance, especially as the premier cryptocurrency succumbs to another wave of correction.

For altcoins, the rust runs deeper, as this set of cryptocurrencies has consistently struggled to appreciate since December 2024, showing little correlation

Over the past week, the Ethereum price declined significantly, following Bitcoin's downturn towards $59,000. As the second-largest cryptocurrency's price dropped to $1,505, data from a recent on-chain analysis reveal an underlying shift in activity across exchanges.

Bitcoin price performance in June has gotten off to a rocky start, with prices now down 50% from the market's all-time high. In the last week alone, the premier cryptocurrency has declined by 16%, forcing the price to around $60,000 for the first time since February.

Bitcoin's price action in June has been marked by heavy selling pressure, with the leading cryptocurrency suffering one of its sharpest declines of the year. In the first five days of the month, Bitcoin has triggered more than $1.28 billion in long liquidations as prices plunged toward the critical $60,000 region.

Bitcoin's recent correction continues to shake market confidence, with the premier cryptocurrency enduring an intense selling pressure over the past several weeks. Since May 15, Bitcoin has steadily declined by 26.8%, with price now trading around the cycle bottom at $60,000. Despite the ongoing market weakness, it appears the latest decline may have pushed Bitcoin into one of its most attractive accumulation zones in years.

In line with their Bitcoin counterparts, the Ethereum spot ETFs also opened their June account with significant investor withdrawals. Over the last week, the

A pseudonymous crypto analyst has revealed that the Ethereum-to-Bitcoin pair has fallen back down to a price region that once preceded the bullish run seen in