Bitcoin Holds $61K as ETF Outflows Extend, Institutions Accumulate Dip

Bitcoin stabilized near $61,400-$61,600 on June 10 after hitting a 2026 low of $59,100 the prior week. The market has seen a 13-day U.S. spot Bitcoin ETF outflow streak totaling $4.37 billion, pushing total ETF assets to roughly $79.6 billion. Despite sustained redemptions and extreme fear readings, Coinbase’s John D’Agostino reports that sovereign wealth funds, family offices, and governments—including UAE buyers—are actively accumulating near $60,000, while on-chain metrics show more than 8 million BTC underwater and a 204-day death cross persisting.