BTC plunges 0.9% in 15 minutes: institutional coin selling and ETF fund outflows hit in sync, weighing pressure

From 04:00 to 04:15 UTC on June 6, 2026, BTC sharply dropped by 0.90% within 15 minutes. The price ranged from 60,088.8 to 60,862.7 USDT, with a 1.28% amplitude. Bitcoin has repeatedly broken below the key psychological levels of $63,000 and $60,000. The weekly decline is over 14%, and the market is in a sustained adjustment phase.

The main driver behind this volatility is that US spot Bitcoin ETFs have recorded net outflows for 13 consecutive trading days, totaling $4.33 billion, with 59,351 BTC leaving the market. As a core channel for traditional institutions to allocate Bitcoin, sustained outflows indicate that marginal bid strength in the spot market remains weak. In addition, Strategy, the largest corporate Bitcoin holding institution globally, sold 32 BTC between May 26 and May 31 to raise about $2.5 million, breaking its long-standing “never sell” stance and sending a cautious signal to the market about near-term prospects from institutions.

Meanwhile, geopolitical risk continues to disrupt market sentiment. In late May 2026, the escalation of the US-Iran conflict pushed up oil prices, weakening expectations of Federal Reserve rate cuts and further suppressing risk appetite. The deleveraging process in the derivatives market is still ongoing: in late May, the number of daily liquidation events exceeded 160,000, with liquidation amounts over $900 million. Margin calls on long positions create a negative feedback loop. Multiple factors formed a resonance within a short-term time window, amplifying price volatility.

The market is currently in an extreme fear range. The key support at $60,000 has already been broken, so further downside risk should be watched closely. Going forward, it is important to monitor whether ETF fund flows stabilize, changes in on-chain whale holdings, and macro policy signals.