Bitcoin Rebounds to $63K but Stays Frail on $5.4B ETF Outflows

Bitcoin has recovered modestly to around $63,000 after plunging to two-month lows near $62,000, yet the market tone stays fragile. The rebound follows an 18% weekly sell-off driven by four straight weeks of $5.4 billion in spot Bitcoin ETF outflows, escalating Iran tensions, and sticky inflation that lifted Treasury yields above 5%. Earlier, BTC failed to hold above the $83,000 resistance in late May, triggering 11 consecutive days of outflows exceeding $3.45 billion and pushing the Fear & Greed Index to an extreme 11. Prediction markets now assign over 50% odds of a drop to $55,000 in June despite resilient long-term holder accumulation.