Bitcoin Clings Near $62,500 as ETF Outflows and $2.2B Options Expiry Hit

Bitcoin is holding near $62,500 after a 5% drop triggered by the Fed’s hawkish June decision that eliminated 2026 rate-cut odds. The sell-off follows a rapid narrative shift that began June 16 with Rootstock’s emphasis on institutional Bitcoin DeFi demand and accelerated after Botanix shut down its Spiderchain L2 on June 10 amid weak retail interest. Attention has now turned to stablecoin and RWA tokenization, while nine straight days of U.S. spot Bitcoin ETF outflows totaling $2.8 billion have added fresh pressure and lifted prediction-market odds of a move to $55,000 to 72%.