Bitcoin Slides Below $63K on ETF Outflows and Hawkish Fed

Bitcoin fell below $63,000 by June 19 amid $90.7 million in spot ETF outflows and lingering hawkish Fed signals. The drop followed a brief recovery above $66,000 driven by Strategy’s $100 million purchase and $85 million ETF inflows. Earlier weakness toward $59,000-$60,000 triggered a 10.3% mining difficulty cut and milder capitulation with realized losses peaking at just $1.4 billion. Long-term holders now control a record 79% of supply, yet weak spot demand and Strategy sale concerns continue to cap gains. Markets now eye the $60,000 support zone as the next critical test.