Following Bitcoin’s drop below $62,000, there are no signs of capital returning to digital assets. Analysts at Wintermute linked the correction to institutional sales and outflows from ETFs.
Over the week, Bitcoin lost about 14% and fell to the lows of September 2024. Experts do not consider the current position of the asset to be a confirmed market bottom. In their view, a reversal requires sustained buying pressure.
Wintermute also mentioned the sale of 32 BTC by Strategy between May 26 and 31. The company described this volume as insignificant but noted the symbolic significance of the transaction — it was the firm’s first Bitcoin sale since 2022.
According to analysts, the main market pressure is due to weakened demand. After May 30, US spot Bitcoin ETFs showed 10 consecutive sessions of net outflows, with cumulative net losses during this period amounting to about $2.97 billion.
The total outflow for May reached $2.43 billion — the worst monthly figure of 2026.
Wintermute also referred to data from its own OTC terminal: retail investors have recently been net sellers, shifting to stocks. American institutions have taken a bearish stance in recent days, while flows in Asia and Europe remained balanced.
Analysts noted the weak technical support in the $50,000–$59,000 range, as Bitcoin quickly moved through this zone during its rise in 2024. The company added that some long-term capital is gradually building positions at current levels, but for a confirmed reversal, the market needs a return of sustained inflows.