Bitcoin (BTC) is trading around $60,000, pinned just above the key support level that analysts have been watching, as last week's $1.79 billion in U.S. spot BTC exchange-traded outflows added to a macro backdrop that continues to tilt against risk assets.
Spot Ethereum (ETH) ETFs recorded $273 million in outflows over the same period, extending their run of consecutive weekly outflows to seven, according to SoSoValue data. Spot XRP (XRP) ETFs attracted $22.99 million in net inflows, while spot Hyperliquid (HYPE) ETFs drew $111 million.
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Bitcoin had briefly recovered to around $64,000 early last week as geopolitical tensions eased, but selling pressure built into the latter part of the week, pushing it back below the psychologically significant $60,000 level, the Derivatives Trading Desk at Laser Digital wrote in a note Monday. Ethereum continued to underperform Bitcoin throughout, the desk added.
