Crypto's recovery remains unsecure as SpaceX, Anthropic IPOs loom. Stronger ETF inflows would help: Crypto Daily
Bitcoin has rebounded above $63,000, but recent ETF flows point to weakness beneath the surface. As BTC fell toward $60,000 last week, the 11 U.S. spot bitcoin ETFs saw $1.72 billion in net outflows for a third straight week of increasing redemptions. Unlike the early-February drop to $60,000, when heavy trading volume suggested panic and capitulation, last week’s volume was subdued, implying a steady exit rather than a local-bottom signal. That makes the rebound look fragile unless ETF demand returns strongly. Broader liquidity may stay pressured by large IPO-related stock sales from SpaceX and Anthropic, while May U.S. inflation data could add volatility. BTC is also nearing the key 61.8% Fibonacci retracement near $57,799; a break below that level could deepen the selloff.
