BTC drops 0.61% in 15 minutes: persistent outflows from spot ETF funds combined with macro uncertainty from FOMC trigger short-term selling pressure

BTC-0.78%
From 08:30 to 08:45 (UTC) on June 17, 2026, BTC/USDT fell 0.61% within 15 minutes. The price dropped from 65,324.8 USDT to 64,924.4 USDT, with a range of 0.61%. Market sentiment is weak, and volatility has significantly increased compared with the previous day.The main driver behind this move is that institutional funds have continued to flow out of spot ETFs on a net basis. Data shows that in the past 7 days, cumulative net outflows reached $3.946 million, with net outflows occurring on 6 of those days. This directly led to insufficient buy-side demand in the spot market, putting downward pressure on prices. Meanwhile, the FOMC meeting was held from June 16 to 17, and the market was in a “risk-averse backdrop.” Uncertainty around monetary policy expectations further weakened the willingness to allocate to risk assets.Second, technical resistance and short-term profit-taking created a resonance effect. BTC is currently trading below the 200-day EMA, and $67,000 is a key resistance level. Although the weekly chart rose 6.6% over the past 7 days, after the short-term rally had built up, some traders triggered take-profit selloffs. Combined with institutional fund outflows, this amplifies downward pressure on prices.The Fear and Greed Index has already fallen into the extreme fear zone at 22. Investors should monitor the effectiveness of the $65,590 support level. If the spot ETF outflow trend continues or the FOMC meeting delivers hawkish signals, the price could test lower levels again. Investors should closely track spot ETF fund flows, the US Dollar Index trend, and FOMC policy signals, and carefully assess short-term volatility risks.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments