Bitcoin Falls 18% in 14 Days to $59K Low, Spot ETFs Hit 13-Day Outflow Streak

According to CMC data, Bitcoin fell over 18% in the past 14 days, dropping to $59,000 last week—its lowest level since October 2024. The asset has since rebounded above $62,000, though bearish sentiment persists with no clear signs of sustained recovery.

According to SoSoValue, spot Bitcoin ETFs recorded their 13th consecutive net outflow as of June 3, 2026, marking the longest red streak in their history. From May 15 to June 3, US Bitcoin Spot ETFs bled $4.37 billion in outflows over less than two weeks. BlackRock's IBIT led the decline, accounting for roughly $3.3 billion, or 75% of total outflows, while Fidelity's Bitcoin Fund contributed $456 million.