U.S. spot bitcoin exchange-traded funds (ETFs) recorded $326 million in net 
outflows on June 5, while U.S. spot ether ETFs lost $5.97 million. The fresh 
redemptions resumed selling pressure barely a day after both products had 
snapped long outflow streaks. Outflows Return After a Brief Reprieve Spot ETFs 
are regulated funds that hold bitcoin or […]

U.S. spot bitcoin exchange-traded funds (ETFs) recorded $326 million in net outflows on June 5, while U.S. spot ether ETFs lost $5.97 million. The fresh redemptions resumed selling pressure barely a day after both products had snapped long outflow streaks. Outflows Return After a Brief Reprieve Spot ETFs are regulated funds that hold bitcoin or &#8230;

Bitcoin ETFs Bleed $326M as BTC Sinks to $59K and Ether Slides Toward $1,500

Bitcoin&#8217;s decline highlights the impact of U.S. policies on global crypto 
markets, raising concerns about future regulatory challenges.
The post Bitcoin erases gains since Trump&#8217;s reelection, falls below $60K 
appeared first on Crypto Briefing.

Bitcoin&#8217;s decline highlights the impact of U.S. policies on global crypto markets, raising concerns about future regulatory challenges. The post Bitcoin erases gains since Trump&#8217;s reelection, falls below $60K appeared first on Crypto Briefing.

Bitcoin erases gains since Trump’s reelection, falls below $60K

The launch of BTC-backed preferred stock in Sweden could influence investor 
sentiment towards cryptocurrency dividends, impacting market dynamics.
The post Bitcoin Treasury Capital launches Sweden&#8217;s first BTC-backed preferred 
stock appeared first on Crypto Briefing.

The launch of BTC-backed preferred stock in Sweden could influence investor sentiment towards cryptocurrency dividends, impacting market dynamics. The post Bitcoin Treasury Capital launches Sweden&#8217;s first BTC-backed preferred stock appeared first on Crypto Briefing.

Bitcoin Treasury Capital launches Sweden’s first BTC-backed preferred stock

The Trump family&#8217;s crypto venture highlights potential conflicts of interest 
and regulatory challenges in the evolving DeFi landscape.
The post Trump family&#8217;s crypto venture is quietly minting money through 
Binance stablecoin deal appeared first on Crypto Briefing.

The Trump family&#8217;s crypto venture highlights potential conflicts of interest and regulatory challenges in the evolving DeFi landscape. The post Trump family&#8217;s crypto venture is quietly minting money through Binance stablecoin deal appeared first on Crypto Briefing.

Trump family’s crypto venture is quietly minting money through Binance stablecoin deal

The US economy added 172,000 jobs in May, more than double the 80,000 that 
Wall Street economists had expected, and the unemployment rate held at 4.3%. 
The Bureau of Labor Statistics (BLS) also revised March and April higher by a 
combined 93,000 positions, which left the spring looking much stronger than 
anyone believed a month […]
The post May jobs report explained: Why 172,000 jobs means higher rates, 
pricier loans, and a Bitcoin drop appeared first on CryptoSlate.

The US economy added 172,000 jobs in May, more than double the 80,000 that Wall Street economists had expected, and the unemployment rate held at 4.3%. The Bureau of Labor Statistics (BLS) also revised March and April higher by a combined 93,000 positions, which left the spring looking much stronger than anyone believed a month &#8230;

May jobs report explained: Why 172,000 jobs means higher rates, pricier loans, and a Bitcoin drop

The Bitcoin price faced overwhelming bearish pressure this past week, but it 
appears that this bearish story has been building up for much longer than was 
apparent in BTC&#8217;s previous price action. According to a recent on-chain 
analysis, the Bitcoin price has been under sell pressure on the largest 
cryptocurrency exchange for more than a week. Binance Bitcoin Inflows Signal 
Sell Pressure For 48 Consecutive Days In a recent QuickTake post on 
CryptoQuant, a pseudonymous on-chain analyst, Crazzyblockk, revealed an 
ongoing streak of Bitcoin selling on Binance, the world’s leading crypto 
exchange by trading volume. The relevant indicator referenced in the post was 
the “BTC Exchange Net Flow Indicator (IE-Adjusted, 7D MA)” metric. Related 
Reading: Are Institutions Crashing The Bitcoin Price On Purpose? Here’s What 
People Are Saying The on-chain metric tracks the 7-day average net amount of 
Bitcoin entering or leaving Binance, excluding internal wallet transfers. It, 
thus, indicates whether users are predominantly depositing BTC (sell pressure) 
or withdrawing BTC (accumulation). According to Crazzyblockk, the stream of 
bearish pressure that has lasted the past 48 days on Binance began as mild 
selling on April 19. On May 28, however, readings from the metric escalated 
into territory that connotes strong sell pressure for Bitcoin, and has 
remained the case since. Crazzyblock highlighted that during this 48-day 
period, Binance reserves have risen from 619,529 to 659,488 BTC, representing 
approximately 39,958 BTC in growth. Notably, the crypto analyst pointed out 
that June 2 saw the highest level of sell pressure, as reflected in the daily 
adjusted net inflow’s peak of +8,791 BTC and the 7-day moving average’s rise 
to +0.844. Binance Bear Pressure Not Whale-Driven In an interesting turn of 
events, Crazzyblockk highlighted that both the Bitcoin sell pressure on 
Binance and the 7-day Moving Average have declined from their recent summits. 
&#8220;By June 5, the daily adjusted inflow had pulled back to +1,679 BTC and the 7D 
MA had compressed to +0.691,&#8221; the analyst noted Also worth noting is the 
average participation of Bitcoin’s whales during this 48-day bear period. As 
Crazzyblockk stated, whales accounted for an average of 46.76% of Binance 
inflows, with a range of 34.96% to 65.95%. This, explained the on-chain 
analyst, is not typical of institutional distribution events. As such, the 
crypto pundit concluded that Binance inflows are unlikely to be primarily 
driven by BTC&#8217;s large players. Crazzyblockk pointed out that there was 
recently an accumulation signal (seen on March 14), which preceded the 48-day 
sell streak that played out. Given that both the 7D MA and daily flows have 
begun to decline, the market is in an uncertain phase. It remains to be seen 
whether this concurrent decline in selling pressure is a genuine reversal or 
merely a temporary break in the broader distribution. Crazzyblockk concluded 
that the answer, and perhaps BTC&#8217;s next direction, lies in the next several 
sessions on Binance. As of this writing, the Bitcoin price stands at around 
$61,073, down 0.9% over the past day. Featured image from iStock, chart from 
TradingView

The Bitcoin price faced overwhelming bearish pressure this past week, but it appears that this bearish story has been building up for much longer than was apparent in BTC&#8217;s previous price action. According to a recent on-chain analysis, the Bitcoin price has been under sell pressure on the largest cryptocurrency exchange for more than a &#8230;

Bitcoin ETFs Bleed $326M as BTC Sinks to $59K and Ether Slides Toward $1,500

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