Bitcoin Slides Toward $60,000 as ETF Redemptions Mount and Sellers Press

Bitcoin extended its recent slide, hovering a little above $62,000 and edging closer to the $60,000 psychological threshold, CoinMarketCap reported. The cryptocurrency is down nearly 16% over the past week from levels above $74,000, with the sharpest losses concentrated in the last three days. The pullback has unfolded alongside a broader cooldown in global AI-related trading. Market support zones that previously helped stabilize prices have weakened, putting the $60,000 level in focus as the next major test. A break below that mark could open the door to a move back toward the $55,000 area. U.S. spot Bitcoin ETFs have also seen persistent withdrawals. They posted net outflows for 15 straight trading days, totaling more than $4.7 billion, undermining a key source of demand. Adding to the pressure, Strategy disclosed its first Bitcoin sale since 2022. That move suggests the company is no longer acting as a marginal buyer to help absorb selling, a role it played in 2024 and 2025. Bitcoin remains above $62,000, but near-term technical support has shifted lower. If $60,000 gives way, the next support level is seen closer to $55,000.