Bitcoin has pulled back sharply, with prices oscillating between the low $60,000s and a contested support zone near $62,000 — marking a two-week low. The selloff is being attributed to a combination of Federal Reserve policy expectations keeping risk appetite suppressed, net outflows from spot Bitcoin ETFs, and capital rotating toward AI-related assets. Bulls are attempting to hold key support levels, but further selling pressure remains a live risk.
This isn't a single-cause dip — three distinct headwinds are hitting Bitcoin simultaneously, which makes the support level more fragile than a typical sentiment-driven pullback. Spot Bitcoin ETF holders are seeing outflows that can accelerate selling mechanically, and if the Fed signals rates stay higher for longer, risk assets broadly — including crypto — face continued pressure. Investors with BTC exposure should watch whether the $60,000 level holds, as a clean break below it could trigger stop-loss selling and deepen the move.
Next FOMC meeting minutes release: ~3 weeks. Next spot Bitcoin ETF weekly flow data: rolling weekly. Next CPI inflation report: ~mid-month.
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