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CoinEx Daily: Bitcoin Falls Below $60,000 on ETF Outflows and Higher-for-Longer Rate Pressure

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Published on 2026-06-29

Daily View

Bitcoin slipped about the $60,000 level and is tracking toward a rare back-to-back quarterly decline, with price action pressured by weak spot ETF flows, liquidation risk around the high-$50,000 area, and a broader lack of follow-through even as geopolitical tensions eased. Macro conditions were mixed: equities found support from de-escalation headlines and continued enthusiasm around AI and semiconductor capital spending, while higher-for-longer rate expectations and a firm dollar continued to limit appetite for non-yielding risk assets, with weakness in gold and silver also weighing on Bitcoin. Overall crypto market sentiment remains cautious and defensive, as persistent outflows, tighter regulatory headlines, and capital rotation toward traditional tech themes continue to overshadow longer-term constructive views on digital assets.

CoinEx Daily: Bitcoin Falls Below $60,000 on ETF Outflows and Higher-for-Longer Rate Pressure