The US spot bitcoin ETF showed a net outflow of $1.79 billion last week, the second highest since the product was listed. During the withdrawal period, the bitcoin fell to $58126 and then recovered to around $60287, evaporating the market value of the overall encrypted market value to nearly $150 billion over the same period.
June 25th.
On a single day, on June 25th, the United States spot bitcoin ETF net outflow of $691.7 million was the most concentrated day of the week. By the end of the week, another $444.5 million had been released, indicating that sales pressure had not been significantly reduced.
Of even greater concern is the statement in the text that the total net outflow that day came from the IBIT under the Beled flag, leaving about 7440 BTCs on a single day. This means that previously perceived as a relatively robust mainstream product, it is also beginning to bear a more visible retrieving pressure.
ETF warehouse deficit has increased
It is estimated that the United States current bitcoin ETF currently has a combined loss of approximately $22.42 billion, corresponding to an average purchase cost of approximately $82899. In this caliber, the current price level is still significantly below the holding cost of most funds.
It is also mentioned that the largest of the listed companies, Strategy, has a current deficit of approximately $19.94 billion, with an average purchase cost of approximately $75640. The parallel pressure on institutions and enterprises has also increased market interest in the intensity of subsequent purchases.
Increased signs of a slowdown in demand
In addition to the outflow of ETF funds, there are signs of a slowdown in the demand for bitcoin in the market. According to the text, Strategy bought more than 50,000 BTCs in April and about 25,000 in May, but only about 3,600 new ones have been added since June.
At the same time, the real bitcoin ETF management assets in the United States have dropped from about $170 billion at a high point in 2025 to about $73 billion at present. Over the past month, the total number of ETF warehouses decreased by more than 63,000 BTCs.
The chain and the transactional end data are also weak. The Coinbase premium index continues to be in negative range, while the chain flow of funds shows that funds continue to flow out of the Bitcoin network rather than continue to flow.
ETAF has been out for seven consecutive weeks.
The withdrawal of funds did not occur only in bitcoin products. The U.S. ETF net outflow last week was $273.4 million, the seventh consecutive week.
Of that, 25 June was close to $82 million a day. On the same day, ETH fell to about $1510 and market value evaporated about $31 billion, indicating that mainstream encrypted assets were still under simultaneous downward pressure.