Bitcoin Dips Below $66,000 as ETF Outflows Extend to 12 Consecutive Days

According to The Block, Bitcoin briefly fell below $66,000 late Tuesday night, dropping to a low of approximately $65,700 before rebounding to $66,460 by 1:00 a.m. ET Wednesday. Ethereum slipped 7.1% to $1,849, while BNB lost 7.2% to $635. XRP fell 4.8%, and Solana declined 7.7%.

U.S. spot bitcoin ETFs recorded $519.2 million in net outflows Tuesday, extending their negative flow streak to 12 consecutive days, according to SoSoValue data. Spot Ethereum ETFs posted $90.2 million in net outflows, marking their 16th straight day of outflows. Beyond ETF pressure, Strategy disclosed it sold 32 BTC for roughly $2.5 million between May 26–31, marking the firm's first bitcoin sale since December 2022. Analysts attributed the decline to heavy institutional ETF outflows, long liquidations, and macro de-risking, with geopolitical tensions amplifying risk-off sentiment.