👀Bitcoin Price Drop To $60,000 Lingers As ETF Outflows Escalate

📉 Bitcoin Struggles Below $65,000
BTC is stuck under $65,000 with immediate support at $64,000. Efforts to recover from the drop to $70,000 lost steam on Wednesday. Rising selling pressure could push BTC to lower levels at $62,500 and $60,000 to gather liquidity for a rebound.

📊 Bitcoin ETF Outflows
Bitcoin ETFs boosted market sentiment since January, helping BTC reach an ATH of $73,000 in Q1. However, recent outflows have hurt BTC, causing it to hover at $64,945. A $152 million net ETF outflow for June 18 suggests continued pressure on BTC prices.

📉 Futures Market Open Interest
Bitcoin futures market open interest dropped to $36.4 billion from an ATH of $37 billion, indicating decreasing trader interest and hinting at a potential downtrend.

🔻 Next Bitcoin Price Support
Trading below $65,000 gives sellers an advantage. The RSI at 39 and MACD sell signal suggest further decline. Support levels to watch are $64,000, $62,500, and $60,000, from where a strong recovery to $70,000 could begin.