Bitcoin Under Pressure as ETF Outflows and Liquidations DeepenBitcoin all time history indexINDEX:BTCUSDKrisadaYoonaisilBitcoin Under Pressure as ETF Outflows and Liquidations Deepen Fundamental Analysis 1.Bitcoin remains under heavy selling pressure from Bitcoin ETF outflows, which have reduced institutional buying demand and reflected weaker confidence among institutional investors. 2.Another key pressure comes from the Fed’s hawkish stance and concerns over elevated interest rates, which have strengthened the US dollar and weighed on risk assets like Bitcoin. 3.The break below the key 60,000 USD level triggered additional technical selling and long-side liquidations. Reports suggest that a further decline could expose the market to around 1.6 billion USD in liquidation risk. Earlier in June, the crypto market had already experienced several billion dollars’ worth of liquidations. In addition, some investors were forced to close losing positions, which could continue to create further selling pressure on the market. 4.Miners have also added pressure, with public miners selling over 32,000 BTC in Q1 2026. Meanwhile, rising BTC inflows to exchanges from retail and whales suggest possible selling or portfolio rebalancing. Technical Analysis 5.BTCUSD fell below the previous low and made its lowest low in almost two years, indicating a broader bearish trend. 6.The EMAs are stacked in a bearish formation and are widening, showing stronger downside momentum and the potential for further declines. 7.There are still no reversal signals from either the price chart or the indicators. 8.The downside target based on Fibonacci retracement is around 46,400, which is close to the projection target from the flag pattern. Analysis by: Krisada Yoonaisil, Financial Markets Strategist at Exness