Bitcoin slides to 21‑month low as ETF outflows and rate worries intensify

Bitcoin fell to an intraday low of $58,131 on June 25, 2026 – its weakest level since September 2024 and a 21‑month trough. The drop came as U.S. spot Bitcoin ETFs recorded cumulative outflows of more than $4 billion in June, the largest monthly net redemption since the products launched in early 2024.

Macro pressure amplified the sell‑off. The Federal Reserve’s preferred inflation gauge, the PCE price index, hit three‑year highs, signaling that interest‑rate cuts are unlikely. Higher rates raise the cost of leverage for large corporate holders such as MicroStrategy, which disclosed its first Bitcoin sale since 2022, adding psychological stress to the market.

Short‑position data showed a seven‑fold increase in Bitcoin shorts on major exchanges, while the Crypto Fear & Greed Index flipped to “extreme fear.” Analysts highlighted a critical support range between $48,400 and $60,000; a break below $48,400 could open the path toward $40,000, whereas technical “TD Sequential” buy signals on Bitcoin, Ethereum, XRP and Solana suggest a possible bottom if prices hold above $60,000.

Overall, the market remains volatile, with liquidations exceeding $1 billion in a single day and investors closely monitoring ETF flow trends, Federal Reserve policy cues, and any further actions by large holders.