BTC drops 0.46% in 15 minutes: ETF record net outflows resonate with macro pressures, triggering short-term selling

From 15:00 to 15:15 (UTC) on July 8, 2026, BTC declined by 0.46% within 15 minutes, with a price range of $61,580.5 to $61,926.2 USDT, and an amplitude of 0.56%. This movement occurred against a backdrop of a 2.86% overall decline in BTC that day, with market sentiment under continued pressure and volatility significantly increasing.

The main driver of this short-term sharp drop was the persistent net outflow from the US spot Bitcoin ETF. In June 2026, ETF net outflows reached $4.5 billion, a record high, with BlackRock’s IBIT product accounting for 75% of the total outflows. When investors redeem from the spot ETF, issuers must sell BTC in the spot market to meet the redemption demand, weakening institutional buying pressure and creating a negative feedback loop.

Additionally, worsening macroeconomic conditions intensified systemic market pressure. Expectations of Fed rate cuts cooled, and concerns grew that there may be no rate cuts or even potential rate hikes in the next six months. The US 10-year Treasury yield surpassed 4.5%, and the dollar index strengthened, directly suppressing BTC priced in USD. On the technical side, BTC briefly fell below $60,000 in early July, approaching a 21-month low of around $58,000. The loss of this key support triggered forced liquidations of leveraged long positions, causing chain reactions of selling. Meanwhile, major holder Strategy disclosed its first BTC sale in years (32 BTC), small in amount but deviating from the long-term holding narrative, further amplifying market concerns.

BTC has now broken below a key support zone. Continued ETF outflows could intensify institutional selling pressure, and further loss of the $60,000 level may trigger deeper corrections. Investors should closely monitor ETF fund flows, Federal Reserve policy statements, and the dollar index, remaining alert to the risk of chain liquidations of leveraged positions.