Bitcoin ETFs have recorded $3.45 billion in net outflows across 11 consecutive trading sessions after another $483.8 million left the funds on Monday, as investors reacted to geopolitical tensions and renewed selling pressure in the crypto market.
Summary
- U.S. spot Bitcoin ETFs recorded $483.8 million in net outflows on Monday, extending their losing streak to 11 consecutive trading sessions.
- Bitcoin fell below $71,000 as ETF withdrawals accelerated and geopolitical tensions between the U.S. and Iran weighed on market sentiment.
- Strategy disclosed its first Bitcoin sale since 2022, while more than $276 million in leveraged long positions were liquidated during the market decline.
According to data from SoSoValue, U.S. spot Bitcoin (BTC) exchange-traded funds posted $483.8 million in net outflows on Monday, extending their losing streak to 11 straight trading days. The latest withdrawals pushed cumulative outflows during the run to $3.45 billion and followed a difficult May, when the funds recorded $2.43 billion in net redemptions, their largest monthly outflow since November 2025.
BlackRock’s IBIT accounted for most of Monday’s withdrawals, shedding $440.3 million. Morgan Stanley’s MSBT was the only fund to attract fresh capital, adding $6.14 million during the session.
The sustained withdrawal trend came as Bitcoin fell below $71,000, reaching an overnight low near $70,200 before recovering slightly to around $70,750. The cryptocurrency was down 3.6% over the previous 24 hours.
ETF withdrawals surge as market sentiment remains fragile
Pressure on the market intensified after Strategy disclosed its first Bitcoin sale in years. In a Form 8-K filing released Monday, the company said it sold 32 BTC between May 26 and May 31 at an average price of $77,135, generating roughly $2.5 million in proceeds that are expected to be used for preferred stock distributions.
Although the transaction was relatively small compared with Strategy’s overall holdings, the move carried symbolic significance because the company has long promoted a policy of holding Bitcoin rather than selling it.
The disclosure has weakened confidence among some traders and contributed to defensive positioning across the market.
Additional selling pressure emerged as concerns over U.S.-Iran relations weighed on risk appetite.
After Iran suspended negotiations with the United States in response to Israel’s military operations in Lebanon, uncertainty around the diplomatic process increased. While U.S. President Donald Trump said discussions were continuing, CNN reported that he had a heated exchange with Israeli Prime Minister Benjamin Netanyahu over Israel’s plans.
“Talks are continuing, at a rapid pace, with the Islamic Republic of Iran,” Trump wrote in a post on Truth Social on Monday.
Market analysts also pointed to signs of capital moving out of digital assets and into cash positions. According to market commentary, risk aversion increased as geopolitical uncertainty grew, prompting some investors to reduce exposure to highly liquid crypto assets.
Bitcoin selloff triggers leveraged liquidations
As Bitcoin broke through key support levels, derivatives traders faced a wave of forced liquidations. According to data from Coinglass, more than $388 million in leveraged long positions were wiped out during the downturn.
The liquidation event accelerated the decline because exchanges automatically sell Bitcoin to close failing leveraged positions, adding fresh supply to an already weak market. The combination of ETF outflows, geopolitical concerns and derivatives-driven selling left traders searching for support after Bitcoin’s fall below $71,000.
According to data from crypto.news, Bitcoin price was hovering just over $70,000 at the time of writing.
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