Phyrex|Jun 05, 2026 20:42
The data on Bitcoin spot ETFs over the past couple of days has been pretty interesting. I mentioned earlier that traditional investors' selling pressure has been decreasing, and now it seems that Wednesday's bitcoin:native price wasn't looking great—it even briefly dropped to around $61,000. However, traditional investors' selling has continued to decline. Even BlackRock investors, who were previously selling in large volumes, are now showing a buying trend, and institutional sell-offs are also very minimal.
From a bird's-eye view, we all know Friday's drop was even worse, briefly falling below $60,000. But you can clearly feel the dip-buying sentiment among investors. The price basically hovered around $60,000 all night. This price might not be the bottom, but it has already sparked buying interest among investors.
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