BTC liquidations and ETF outflows push BTC below $67K

Di article dey link two quick reasons wey dey cause sell-off: (1) big-scale BTC liquidations and (2) ongoing negative spot Bitcoin ETF outflows. For history, wen plenty long liquidations cluster together dem fit quicken wahala cos forced selling dey hit leveraged longs, drag price down and trigger more liquidations. Di reported $810.64M BTC liquidations (mostly longs) and di June 2 spike dey match dis “cascade” behavior. At di same time, persistent ETF outflows dey act as structural headwind. If ETFs dey export capital steady, e reduce chance say institutional demand go stabilize market soon. Di 53.8K BTC wey dem move into exchanges at a loss look like capitulation; events like dis fit form a local bottom (like di article talk), but e also mean supply dey get realized now. Dat combination usually keep short-term volatility high and bias next moves downward. Short-term, traders suppose expect weak bids, possible retests of support, and continued liquidation risk if outflows/inflows remain unchanged. Long-term, a durable bottom likely need ETF outflows to slow or turn positive and exchange inflow pressure to ease—otherwise any rebound fit fail.