10h fa
Bitcoin drops below $70k as spot ETF outflows hit $483.76M on June 1
Bitcoin fell under the $70,000 level, trading around $69.6k at press time after sliding 4.21% in 24 hours and 9.1% over the week. Spot ETF flows stayed negative, with June 1 posting -$483.76 million, and BTC has declined 14.18% since May 15 (from $81,090 to $69,590). Analysts also pointed to rising $100k+ transactions and a downside technical target that could extend toward $51k.