BTC dips to $61K as ETF outflows persist; SBI offers crypto vouchers
Bitcoin (BTC) pulled back from a few days of gains, crashing nearly -3% overnight to around $61,000 before recovering to about $61,500. Despite the move, liquidations looked contained: about $400M in positions were wiped out, with over $300M from long trades. Broader market activity also cooled, with daily trading volume near $85B (down from $200B+ two days earlier). BTC ETF flows remained bearish, with outflows of -$90M on Monday and another -$70M the next day; cumulative net inflow still sits positive at about +$54.21B.
On fundamentals/news drivers, Reuters reported that the Trump family may have generated roughly $2.3B from crypto-linked projects, including World Liberty Financial and the TRUMP memecoin, with low stated launch costs. Separately, Japan’s SBI Shinsei Bank plans “crypto vouchers” for depositors via SBI Group’s SBI VC Trade: customers receive vouchers equal to 20% of interest accrued, redeemable for BTC, ETH, or XRP.
Altcoins highlighted in the same window included XRP (-5%) and HYPE (-11%) as laggards, while Humanity Protocol (H) rebounded +34% after a reported $32M exploit and Stargate (STG) rose +55% on higher volume.
For traders: BTC price weakness plus bearish ETF flows signals caution near term, while SBI’s voucher structure could add a small adoption narrative for BTC/ETH/XRP over time.
Bearish
The tape is bearish for BTC in the near term: BTC dropped back toward ~$61K, ETF flows showed continued outflows (-$90M, then -$70M), and liquidity/participation cooled (daily volume far below recent levels). Even though liquidations were not explosive, the combination of price weakness and ETF outflow pressure often leads to range-bound trading with sell-the-rip tendencies.
At the same time, the Reuters profit narrative around the Trump family is mostly a secondary factor for spot trading, and it may not directly change BTC market structure. The SBI “crypto vouchers” item is more constructive than it looks: it could slowly broaden access to BTC/ETH/XRP via traditional banking rails. However, the article frames this as a deposit/interest-linked program (20% of interest via vouchers), so it’s unlikely to deliver an immediate, large spot inflow—more likely a medium-term adoption story.
Historically, setups like “BTC pulls back while ETF flows stay negative” have tended to pressure dips until either (1) ETF outflows reverse or (2) price stabilizes and volume returns. The extreme-fee/“fear” framing (Fear & Greed under 10) can help bottom bids, but without ETF confirmation it often produces only temporary bounces rather than a sustained trend change.