Bitcoin fell to an intraday low of $58,189 on June 25 before recovering toward $59,700. Spot Bitcoin ETFs recorded net outflows of roughly $692 million in recent sessions. The moves came ahead of a major options expiry.
Bitcoin traded near $59,700 after the June 25 drop, with prices recovering from the weakest level since September 2024. Ether fell further to around $1,550 while XRP and Dogecoin posted steeper losses.
US-traded spot Bitcoin ETFs logged outflows of $68.3 million on June 22, $113.8 million on June 23 and $469 million on June 24. The total across three sessions reached about $651 million, extending a streak of redemptions.
Strategy shares fell more sharply than Bitcoin, dropping to an intraday low near $85 on June 25. The company's preferred stock STRC traded below its $100 par value.
Large holders have shifted to accumulation, with Glassnode data showing a maximum reading on the Accumulation Trend Score. Over 259,000 BTC were purchased between $59,000 and $67,000 since June 5.
