Corporate Bitcoin Accumulation Slows as Spot ETF Outflows Pressure Prices Below $60,000

Bitcoin (BTC) is experiencing a significant demand contraction as both U.S.-listed spot ETFs and corporate digital asset treasuries scale back activity. According to a Glassnode market update, net inflows from corporate firms fell sharply as prices retreated from the mid-$70,000 range toward $60,000. Data tracking daily net purchases since June 2025 indicates that demand from this cohort has largely evaporated this month, a stark contrast to the $500 million daily accumulation seen in April and May. On Wednesday, SoSoValue reported that 11 U.S. spot bitcoin ETFs saw net outflows of $213.85 million, bringing total redemptions to over $5.72 billion since the second week of May. Despite a $100 million purchase by a major public holder following a minor sale in late May, the reduced pace of institutional accumulation continues to weigh on market sentiment.