London, June 28, 2026, 20:28 (BST)
- Bitcoin hovered around $59,432 on Sunday, holding near session lows after it dropped below $60,000.
- Spot Bitcoin ETFs in the U.S. saw roughly $1.79 billion net outflows for the week ended June 26.
- At current Bitcoin prices, the outflow is around 30,100 BTC, over 13 times what miners are expected to put out over five days.
- The next key data comes with the June U.S. jobs report, set for July 2. U.S. markets close the following day, July 3.
Bitcoin hovered below $60,000 on Sunday. That sets up the market for a new week less cluttered by weekend volatility, but with a fresh issue: products tied to Wall Street are pulling coins off the market quicker than new supply comes in from mining.
Bitcoin changed hands at $59,432 at 20:28 BST, trading between $59,355 and $60,383 through the session, market data showed. Earlier, Investing.com said Bitcoin slipped under $60,000 and was heading for its second quarterly loss in a row if prices stay down through June.
U.S. stock markets stayed closed over the weekend. That affects how the story runs, though Bitcoin trades on. The key move last week was in ETF flows.
| Week to June 26 | Net U.S. spot Bitcoin ETF flow |
|---|---|
| June 22 | -$68.3 mln |
| June 23 | -$113.8 mln |
| June 24 | -$469.0 mln |
| June 25 | -$691.7 mln |
| June 26 | -$444.5 mln |
| Total | -$1.787 bln |
Farside Investors tracked five consecutive days of outflows from U.S. spot Bitcoin ETFs in the week ending June 26. Outflows hit $691.7 million on June 25, the biggest day, and $444.5 million on June 26.
With Bitcoin at $59,432, the $1.787 billion leaving the market this week amounts to around 30,100 BTC. The protocol pays out 3.125 BTC per block. At about 144 blocks each day, that means roughly 450 BTC mined daily, or close to 2,250 BTC created over five days.
| Flow stress gauge | Approximate BTC |
|---|---|
| ETF outflows for the week ending June 26 | 30,100 BTC |
| New supply over five days | 2,250 BTC |
| Ratio outflows to new supply | 13.4x |
The comparison doesn’t mean that each ETF redemption directly led to spot selling. It’s just about scale. ETF flows matter because the ETF now pushes more notional supply than miners do in an average week.
Economic Times quoted Piyush Walke, a derivatives research analyst at Delta Exchange, saying the fall in risk assets and stocks has knocked crypto demand, and Bitcoin could fall to $55,500-$56,000 if it slips under $58,000.
Rates are in focus this week. The U.S. June jobs report lands at 8:30 a.m. ET on July 2, the Bureau of Labor Statistics said. Reuters said a poll put expected payroll gains at 110,000. A higher number could push up chances for an earlier Fed hike.
“If we get a strong jobs number, I don’t think the market will see it as good news,” Doug Huber, deputy chief investment officer at Wealth Enhancement, told Reuters. “The market could take it as a sign the economy’s running hot and start pricing in higher chances of a rate hike.” Reuters
The risk for Bitcoin is clear: if payrolls come in hot, the coin could take another hit. It’s already trading under $60,000. ETF outflows are still in focus, and quarter-end marks land on June 30.
U.S. stock markets will shut down July 3 for the Independence Day holiday, according to the New York Stock Exchange. With the closure, Bitcoin will trade on crypto venues without traditional market liquidity after the payrolls release. ETF creation and redemption will also pause for the U.S. long weekend.
