Bitcoin price has stalled at a crucial support level as ETF outflows accelerate, hitting a monthly record of over $4 billion

US spot Bitcoin ETFs saw $696 million in daily outflows as Bitcoin fell below $60,000, marking the largest withdrawals of June and pushing monthly outflows above $3.6 billion.

The Bitcoin price steadied near $60,000 on June 26, flat on the day but down about 7% on the week, as a hawkish Fed and steady ETF outflows weighed.