THE BLOCK: Bitcoin steadies near $60,000 after another punishing week as U.S. spot bitcoin ETFs post $1.79B in outflows

THE BLOCK: Bitcoin is holding close to the $60,000 mark after another punishing week. U.S. spot bitcoin:native ETFs recorded net outflows of $1.79 billion from June 22 to June 26, one of the largest weekly totals on record. Markets are pricing in at least one additional Federal Reserve rate hike, and analysts say options traders are increasingly positioning with put buying.