Investors withdrew roughly $6 billion from U.S. spot Bitcoin exchange‑traded funds over a six‑week period, the longest uninterrupted weekly outflow since the funds launched in 2024. The outflows coincided with a decline in Bitcoin’s price, which fell to about $58,000 before stabilizing near $59,000, about 53 % below the $126,080 peak reached in October 2024. Long‑term holders, defined as those who have held Bitcoin for at least 155 days, own 16.64 million BTC, representing roughly 83 % of total supply, according to on‑chain data from Checkonchain. The pace of weekly outflows slowed from $1.72 billion in the first week of June to $226.8 million by the week ending June 18. CoinEx analyst Jeff Ko said the deceleration suggested the selling pressure was waning. Assets under management for spot Bitcoin ETFs fell from above $104 billion to about $80 billion, and cumulative net inflows since launch dropped from near $63 billion to $53.4 billion. BlackRock and other firms described the withdrawals as portfolio rebalancing rather than a fundamental shift in sentiment. A hotter‑than‑expected personal consumption expenditures report of 4.1 % year‑over‑year and the Federal Reserve’s reduced easing language contributed to the price decline. Market pricing indicated a roughly 77 % probability of a December rate hike. A $10.6 billion Deribit options expiry on June 24 placed substantial open interest around $60,000 and $80,000 strike prices, while spot trading volumes had fallen back to levels seen during earlier consolidation phases.