Bitcoin near $60,000 today vs February: Institutional sentiment has flipped

Bitcoin’s return to $60,000 is drawing heavy ETF outflows, marking a sharp reversal from February when institutional selling eased into the dip. What to know : Bitcoin has returned to about $60,000, but unlike in February, spot bitcoin ETF investors are now selling heavily into the price dip. U.S.-listed spot bitcoin ETFs saw $1.72 billion in net outflows last week, the largest weekly redemption in over a year and far above the $318 million outflow when prices last neared $60,000 in early February. Outflows from these ETFs have accelerated for four straight weeks as prices fell, signaling a more bearish institutional stance than February.