{"id":53541,"date":"2025-06-02T14:49:22","date_gmt":"2025-06-02T14:49:22","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-slips-below-104k-on-etf-outflows-decline-fears-mount\/"},"modified":"2025-06-02T14:49:22","modified_gmt":"2025-06-02T14:49:22","slug":"bitcoin-slips-below-104k-on-etf-outflows-decline-fears-mount","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-slips-below-104k-on-etf-outflows-decline-fears-mount\/","title":{"rendered":"Bitcoin slips below $104K on ETF outflows, decline fears mount"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Bitcoin-drops-below-104k-amid-fears-of-further-decline-as-ETF-outflows-kick-in-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Bitcoin-drops-below-104k-amid-fears-of-further-decline-as-ETF-outflows-kick-in-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Bitcoin-drops-below-104k-amid-fears-of-further-decline-as-ETF-outflows-kick-in-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Bitcoin-drops-below-104k-amid-fears-of-further-decline-as-ETF-outflows-kick-in-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Bitcoin falls below $104K amid heavy ETF outflows.<\/li>\n<li>Key resistance at $106K\u2013$107K amid rebound attempts.<\/li>\n<li>Whale selling is on the rise as retail buys surge.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\">Bitcoin (BTC)<\/a> has started June on the back foot, dipping below $104,000 to a low of $103,833.57 on June 2 as investors react to a fresh wave of ETF outflows and technical uncertainty.<\/p>\n<p>Despite closing May with its highest monthly close ever near $105,700, the market mood has quickly shifted, driven by signs of distribution from whales and institutional sellers.<\/p>\n<h2>Bitcoin ETF outflows outweigh inflows<\/h2>\n<p>The six-week streak of inflows into US spot Bitcoin ETFs came to an abrupt end on May 30, when funds collectively recorded a staggering $616.22 million in outflows according to <a href=\"https:\/\/www.coinglass.com\/bitcoin-etf\">Coinglass data<\/a>.<\/p>\n<p><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-312690\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/06\/Bitcoin-ETF-outflows.jpg\" alt=\"Bitcoin ETF outflows\" width=\"1639\" height=\"553\"\/><\/p>\n<p>This reversal marks a sharp deviation from previous weeks, where ETF flows had reinforced the bullish narrative and contributed to Bitcoin\u2019s 11% monthly gain.<\/p>\n<p>BlackRock\u2019s IBIT, the largest fund in the cohort, leads the exit with $430.82 million in withdrawals, even though it still maintains over $69 billion in assets under management.<\/p>\n<p>Fidelity\u2019s FBTC and ARK 21Shares\u2019 ARKB follow suit with $113.71 million and $120.14 million in outflows, respectively, underscoring the broad-based nature of the sell-off.<\/p>\n<p>Although the total cumulative inflows across all ETFs remain positive at $44.37 billion, the sudden withdrawal suggests that investors are now acting cautiously amid growing macroeconomic and technical risks.<\/p>\n<h2>Bitcoin price pullback<\/h2>\n<p>On the price charts, Bitcoin\u2019s recent pullback from $109,000 to $103,833 has brought it below the 0.786 Fibonacci retracement of the rally to its all-time high of $112,000.<\/p>\n<p>That dip reflected heavy profit-taking into the end of May, exacerbated by the rising influence of bearish technical patterns such as the death cross on the 4-hour chart.<\/p>\n<p>During Monday\u2019s European session, BTC briefly rebounded to $105,500 but quickly stalled near $105,800 \u2014 a zone that combines the 0.618 Fibonacci level with the 100 EMA, forming a critical confluence of resistance.<\/p>\n<p>While the 20 EMA has been reclaimed, the price continues to struggle beneath the 50 EMA at $106,000, reinforcing the view that bulls face an uphill task in regaining upward momentum.<\/p>\n<p>If Bitcoin fails to break through the resistance between $106,000 and $107,000, the downside pressure could intensify, possibly dragging the asset back to the recent low near $103,200.<\/p>\n<p>Adding to the volatility is James Wynn, the controversial high-leverage trader who once again opened a $100 million BTC long at 40X leverage on Hyperliquid, with a liquidation price precariously close at $101,999.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Just these for now <\/p>\n<p>Hoping BTC pulls lower but i don\u2019t see it <a href=\"https:\/\/t.co\/wd9751v27t\">pic.twitter.com\/wd9751v27t<\/a><\/p>\n<p>\u2014 James Wynn (@JamesWynnReal) <a href=\"https:\/\/twitter.com\/JamesWynnReal\/status\/1928466563054928022?ref_src=twsrc%5Etfw\">May 30, 2025<\/a><\/p>\n<\/blockquote>\n<p>Wynn\u2019s repeated attempts to go long on BTC have not only ended in substantial floating losses but have also fueled wider speculation-driven activity on the Hyperliquid platform.<\/p>\n<p>After another failed attempt by the market to liquidate him, Wynn has announced that he has decided to give perp trading a break, further amplifying concerns of exaggerated leverage in the market.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I&#8217;ve decided to give perp trading a break.<\/p>\n<p>Thank you <a href=\"https:\/\/twitter.com\/HyperliquidX?ref_src=twsrc%5Etfw\">@HyperliquidX<\/a> for your hospitality. Your service, impeccable. Your platform exquisite.<\/p>\n<p>Its been a fun ride. Approx $4m into $100m and then back down to a total account loss of $17,500,000.<\/p>\n<p>The time has come for me to\u2026<\/p>\n<p>\u2014 James Wynn (@JamesWynnReal) <a href=\"https:\/\/twitter.com\/JamesWynnReal\/status\/1929421419462664433?ref_src=twsrc%5Etfw\">June 2, 2025<\/a><\/p>\n<\/blockquote>\n<h2>On-chain metrics are sending diverging signals<\/h2>\n<p>Meanwhile, on-chain metrics show a divergence in behaviour between whales and retail traders, with large holders reducing exposure steadily since BTC crossed $81,000.<\/p>\n<p>Retail participants, by contrast, are showing signs of buying the top, a dynamic that historically aligns with periods of short-term market corrections.<\/p>\n<p>Santiment flagged increased whale activity around the May 22 peak, noting that similar past patterns typically signal local tops rather than sustainable breakouts.<\/p>\n<p>Even though Bitcoin remains up 11% over the past month, relative strength index (RSI) signals have turned bearish, flashing clear divergence as price attempts to recover above key resistance zones.<\/p>\n<p>At the same time, broader macro conditions continue to cast a shadow, with traders watching closely for signals from the Federal Reserve amid slowing job growth and cooling inflation.<\/p>\n<p>The falling US Dollar Index could provide a short-term tailwind for Bitcoin, but analysts remain divided on whether current levels represent a springboard for a fresh rally or a prelude to further losses.<\/p>\n<p>Data from Glassnode\u2019s MVRV ratio shows BTC is trading between critical bands that historically precede local tops, with the +1\u03c3 level near $119,400 acting as a psychological ceiling for many profit-takers.<\/p>\n<p>While some traders anticipate a bounce from the $100K support to as high as $113K, the risk of a deeper correction continues to dominate sentiment across both spot and derivative markets.<\/p>\n<p>As June unfolds, all eyes will remain fixed on ETF flows, macro indicators, and whether Bitcoin can decisively reclaim the $106,000\u2013$107,000 band to avoid slipping further into bearish territory.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-2.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-drops-below-104k-as-etf-outflows-trigger-decline-fears\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin falls below $104K amid heavy ETF outflows. Key resistance at $106K\u2013$107K amid rebound attempts. Whale selling is on the rise as retail buys surge. Bitcoin (BTC) has started June on the back foot, dipping below $104,000 to a low of [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":53542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53541"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=53541"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/53542"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=53541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=53541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=53541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}