BIT: BTC shows a rebound after dropping to around $60,000; subsequent attention should be on ETF fund flows and CPI data

Odaily Planet Daily reports that the BIT market weekly report indicates the crypto market continued to be weak last week. BTC fell from approximately $73,400 on June 1 to around $63,100 on the morning of this Monday, hitting an intraday low of about $61,400 on June 4. ETH also faced downward pressure, dropping to around $1,680.

BIT stated that the core factor behind this adjustment remains capital flow pressure. The BTC spot ETF recorded net outflows for 13 consecutive trading days, with cumulative outflows reaching approximately $4.4 billion. At the same time, selling by whales and expectations of transfers from Mt. Gox-related wallets further intensified market selling pressure.

The report points out that as BTC approaches the key support level of $60,000, the market has seen an initial rebound in the past 24 hours. Future trends require close attention to whether ETF fund inflows continue, whether the $60,000 support level can hold, and the impact of this week's US CPI data on market risk appetite.