---
title: "Bitcoin plunges to $63K as ETF outflows hit records"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288817029.md"
description: "Bitcoin dropped over 16% this week to fresh 2026 lows near $63,000, with traders watching for a break below $60,000. This decline coincides with record spot Bitcoin ETF outflows exceeding $4.2 billion in three weeks. Market sentiment is divided: some view the sell-off as a standard bull market correction, while others warn of an impending deeper bear market."
datetime: "2026-06-05T06:29:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288817029.md)
  - [en](https://longbridge.com/en/news/288817029.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288817029.md)
---

# Bitcoin plunges to $63K as ETF outflows hit records

Fresh 2026 lows: Bitcoin slid over 16% this week to its lowest price since January, with traders eyeing a possible break below $60,000. Institutional exit: Spot Bitcoin ETFs have seen over $4.2 billion in outflows in three weeks, the longest redemption streak on record. Analyst divide: Some see the sell-off as a normal bull market correction, while others warn of a deeper bear market ahead.

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