Bitcoin fell below $60,000 as spot ETF outflows hit $6.4B in 30 days. MSTR dropped under $100. Prediction markets see 64% odds of BTC under $50,000.
The crypto market dropped nearly 4% in the past 24 hours. Bitcoin slipped below $60,000. Altcoins followed. The selling spread to crypto equities: MicroStrategy (MSTR) fell 8% and traded under $100 for the first time in 2026.
The move has a clear institutional footprint. US spot Bitcoin ETFs saw $6.4 billion in outflows over the last 30 days – the largest monthly withdrawal on record, according to data from The Kobeissi Letter. Last week alone, $233 million exited those funds. Broader crypto investment products posted $116 million in outflows, extending a five-week streak. Twelve-month cumulative inflows have dropped to $5 billion, half the October 2025 peak.
Peter Schiff warned that MicroStrategy might start selling its Bitcoin holdings as the stock hit its lowest level of the year. MSTR's decline below $100 raises the risk of forced liquidation or margin calls, traders said. The company holds roughly 226,000 BTC. A sell-off of even a fraction would add supply pressure to an already weak market.
Outside crypto, US equities stabilized Wednesday after a sharp Tuesday selloff led by semiconductor and AI stocks. The concern centers on rising debt-funded AI spending by major tech firms. Elon Musk's SpaceX recently tapped bond markets for expansion, fueling worries about sustainability. Markets are pricing in up to three Fed rate hikes this year, according to CME FedWatch. Tighter liquidity weighs on risk assets broadly.
The crypto Fear & Greed Index sits in "extreme fear" territory. Prediction markets now put a 64% probability on Bitcoin falling below $50,000 and a 46% chance of a drop under $45,000. The total crypto market cap has lost $2 trillion in 261 days, a 54% decline, The Kobeissi Letter noted.
Dave Portnoy questioned Bitcoin bulls on social media, calling the drop below $60,000 a test of conviction. The next catalyst is Friday's US PCE inflation data, which will shape expectations for the Fed's next move. MSTR's stock path and ETF flow data will also determine whether the selling accelerates or stabilizes.
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.