June 2026 Market Recap: Bitcoin Hits 2-Year Low as ETFs Bleed $8.9B
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Bitcoin closed June near its weakest level in almost two years after slipping to about $58,000 on June 30, while spot Bitcoin ETFs continued a weeks-long run of heavy outflows. Santiment reports capital rotated from crypto into AI stocks and whales remained inactive, signaling short-term downside risk for price and adoption amid reduced ETF inflows and muted market participation.
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Bitcoin (BTC) closed June near its weakest level in almost two years after falling to around $58,000 on June 30, while spot Bitcoin ETFs extended a weeks-long run of heavy outflows.
The month, according to a Santiment market report, was less about one single crash and more about capital quietly leaving crypto for AI stocks while whales sat on their hands.
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