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Bitcoin’s mining ecosystem is showing signs of strain, with two key network indicators moving sharply lower in recent weeks. Most notably, the network’s mining difficulty has recorded one of its steepest declines of the year, highlighting the growing challenges confronting miners amid unfavorable market conditions.

Bitcoin Mining Difficulty Drops by 10%

Bitcoin’s creator, Satoshi Nakamoto, designed the network with a built-in mechanism known as the mining difficulty adjustment, which recalibrates approximately every two weeks, or every 2,016 blocks.

The purpose of this system is to maintain Bitcoin’s average block production time at roughly 10 minutes. When more miners join the network and computational power increases, the protocol raises the difficulty to slow block creation. Conversely, when miners exit and network activity declines, the difficulty is reduced to encourage participation and preserve network stability.

During the latest adjustment cycle, Bitcoin’s mining difficulty fell by just over 10%, according to on-chain data. The decline reduced the metric from nearly 138 trillion (138T) to below 125 trillion (125T).

This marks the second-largest negative difficulty adjustment of the year, surpassed only by the 11.16% decline recorded in early February.

Early projections suggest that the pressure may not be easing anytime soon. Although the next adjustment remains several days away, current estimates indicate that mining difficulty could fall by an additional 16%, potentially marking an even steeper correction.

Hash Rate Continues to Decline

At the same time, Bitcoin’s hash rate—the total computational power securing the network—has also been trending lower.

Data from CoinWarz shows that the network is currently operating at less than 790 exahashes per second (EH/s). For comparison, Bitcoin’s hash rate surpassed 1.2 zettahashes per second (ZH/s) roughly a year ago, highlighting the scale of the recent slowdown.

The decline in both mining difficulty and hash rate suggests that a growing number of miners have either scaled back operations or shut down their machines altogether.

Miners Enter a “Stress Zone”

The deteriorating network metrics come as Bitcoin miners grapple with shrinking profitability caused by broader market weakness and reduced revenues.

Recent reports indicate that many mining firms are struggling to maintain operations under the current conditions. Crypto analyst Axel Adler Jr. described the sector as being in a “stress zone,” citing several indicators that point to increasing financial pressure.

One of those indicators, the 30-day moving average of the Puell Multiple, has dropped by approximately 11% in less than two weeks. The raw Puell Multiple, which measures miners’ revenue relative to historical averages, has fallen even further.

Meanwhile, the Miner Capitulation metric—which tracks Bitcoin’s price performance since the most recent mining difficulty bottom—has declined by around 21%, reinforcing concerns that the industry may be entering another phase of miner capitulation.

Challenging Conditions Persist

While lower mining difficulty can provide temporary relief for operators that remain active, the broader picture points to a sector under significant strain.

The combination of declining hash power, falling revenues, and worsening profitability suggests that miners continue to face difficult choices as they navigate an uncertain market environment. Unless market conditions improve and Bitcoin’s price strengthens meaningfully, pressure on the industry’s participants could intensify in the months ahead.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin could be nearing a major turning point in the current market cycle, according to CryptoQuant. However, despite encouraging on-chain indicators, the broader demand picture suggests that a definitive bottom has yet to be established.

On-Chain Metrics Hint at a Potential Floor

After dropping to a fresh bear market low of $59,000 last week, Bitcoin has managed to recover modestly and is now trading roughly 9% above its realized price of $53,600.

CryptoQuant analysts noted that the realized price—representing the average on-chain acquisition cost of all Bitcoin holders—has historically served as a key valuation benchmark during market downturns. In previous cycles, Bitcoin often found its bottom near, or slightly below, this level before beginning a sustained recovery.

The most recent exception occurred during the collapse of FTX in November 2022, when Bitcoin briefly traded below its realized price before staging a rebound. Based on this historical pattern, analysts believe the cryptocurrency may be approaching a valuation zone that has traditionally marked the beginning of accumulation phases.

Demand Remains the Missing Piece

While valuation metrics offer reasons for optimism, CryptoQuant emphasized that a lasting recovery cannot occur without a meaningful improvement in demand.

The firm pointed out that both speculative futures activity and spot market demand continue to weaken, raising concerns that Bitcoin may not yet be ready for a bullish reversal.

Combined demand from futures traders and apparent spot buyers declined to negative 652,000 BTC last week, marking the sharpest contraction since January 2022. The data also showed that long-term spot demand—measured by annual growth in apparent demand—has turned negative and fallen to its weakest level since February 2024.

Without a sustained return of buyers, analysts warned that Bitcoin could either remain trapped in a prolonged consolidation phase or revisit lower price levels before establishing a confirmed bottom.

ETF Flows Signal Institutional Caution

Another area of concern is the spot Bitcoin ETF market.

CryptoQuant reported that demand growth among spot Bitcoin exchange-traded funds is shrinking at its fastest pace since these products launched in January 2024. The 30-day ETF demand growth metric has fallen into deeply negative territory, suggesting that institutional investors in the United States have slowed their participation and, in some cases, shifted toward net selling.

This decline in ETF demand has contributed to a broader expansion in market supply, further complicating the outlook for a near-term recovery.

Capitulation Has Yet to Occur

Analysts also observed that realized losses among Bitcoin holders have not reached the levels typically associated with market capitulation.

Historically, major market bottoms are often accompanied by a sharp spike in realized losses as exhausted investors exit their positions. The absence of such a capitulation event suggests that selling pressure may not have fully run its course.

A Floor Candidate, Not a Confirmed Bottom

Although Bitcoin’s proximity to its realized price indicates that the asset may be trading near an important valuation floor, CryptoQuant stopped short of declaring that the bear market has ended.

According to the firm, several conditions still need to improve before a cycle bottom can be confirmed. Total demand must stabilize, spot ETF inflows need to recover, and realized losses should reach levels consistent with investor capitulation.

Until those signals emerge, the current price range should be viewed as a potential bottoming zone rather than definitive proof that Bitcoin has entered its next bullish phase.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Pi Network’s native token has finally shown some resilience after a difficult stretch, while Bitcoin pushed to its highest level in ten days. Meanwhile, Humanity (H) surged into the top 100 cryptocurrencies by market capitalization following an explosive rally.

Bitcoin Reaches a 10-Day Peak

Bitcoin extended its recent rebound, climbing to nearly $64,800, its highest price since June 4. The move appears to have been fueled, at least in part, by renewed optimism surrounding comments from U.S. President Donald Trump, who claimed that a permanent agreement with Iran was set to be finalized on June 14.

Earlier this month, the leading cryptocurrency endured a sharp correction, falling from above $73,000 to a 19-month low of $59,100 within just a few days. After shedding roughly $14,000 in less than a week, buyers stepped back into the market and prevented a deeper decline.

Bitcoin quickly recovered the $60,000 level and spent much of the following week trading within a range of $61,000 to $64,000, reacting to developments surrounding geopolitical tensions involving the United States, Iran, and other Middle Eastern nations.

Although Trump’s latest remarks initially pushed BTC higher, the market’s response remained relatively cautious. After touching $64,800, Bitcoin retreated slightly, especially as reports emerging from Iran contradicted the claims of an imminent agreement, raising doubts over whether any deal would materialize.

Despite the uncertainty, Bitcoin’s market capitalization has climbed close to $1.3 trillion, while its dominance over the broader cryptocurrency market has increased to 56.6%.

Major Altcoins Post Modest Gains

Most large-cap altcoins traded in positive territory alongside Bitcoin’s advance.

Ethereum remained steady near $1,700, while Binance Coin (BNB) rose to around $610. XRP hovered close to $1.15, and Solana (SOL) approached the $70 mark.

Other major cryptocurrencies, including TRX and Dogecoin (DOGE), posted modest gains. HYPE advanced by roughly 2% to reach $60, while ZEC added about 3%, climbing to $427.

Among the larger-cap assets, TAO emerged as one of the strongest performers, surging more than 15% over the past 24 hours. In contrast, BEAT suffered a steep decline, dropping approximately 20% during the same period.

Humanity Breaks Into the Top 100

One of the standout performers of the day was Humanity (H), which skyrocketed by more than 90% in a single day. The impressive rally propelled the token into the list of the top 100 cryptocurrencies by market capitalization, underscoring renewed speculative interest in select altcoins.

PI Token Attempts a Comeback

After weeks of heavy selling pressure, Pi Network’s PI token is beginning to show signs of stabilization.

The token plunged to a record low of below $0.12 last week amid widespread weakness. However, it has since recovered some ground and is now trading comfortably above $0.13, representing a gain of more than 10% from its recent bottom.

While the recovery remains modest, it could indicate that selling momentum is easing after the token’s recent downturn.

Crypto Market Adds Billions

The broader cryptocurrency market also benefited from the improved sentiment. Total market capitalization expanded by approximately $20 billion over the past 24 hours, reaching around $2.28 trillion, according to CoinGecko.

Although caution persists due to ongoing geopolitical uncertainty, the latest price action suggests that investors are gradually regaining confidence, with Bitcoin leading the recovery and several altcoins beginning to regain momentum.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Public cryptocurrency token sales are on pace to record their weakest quarter in five years, as investor interest in ICOs, IDOs, and IEOs continues to decline.

According to data released by CryptoRank on June 10, public token offerings have generated only $58 million in Q2 2026, representing an 85% decline from the previous quarter. If the current trend persists, this quarter will mark the lowest level of public crypto fundraising since 2020.

Public Fundraising Across Crypto Continues to Fade

CryptoRank’s figures reveal that the slowdown began earlier in the year. During the first quarter of 2026, approximately $390 million was raised through 105 public token sales. However, conditions worsened significantly in the second quarter.

A monthly breakdown highlights the extent of the decline. In April, projects raised just $15 million across 20 sales. May performed slightly better in terms of capital, bringing in $41 million from 13 sales, but it still recorded the fewest monthly offerings since December 2020.

June’s numbers have been even more discouraging. With the month still underway, only four token sales have been completed, raising a combined $2 million so far.

The contrast with previous market highs is striking. In January 2025 alone, public token sales attracted $654 million, while the entire first quarter of that year generated nearly $850 million from 429 offerings, marking the peak of the fundraising cycle. Since then, quarterly fundraising volumes have fallen by more than 93% in dollar terms.

Despite the recent downturn, CryptoRank estimates that public token launches raised over $4 billion between Q1 2024 and Q2 2026. During that period, Initial DEX Offerings (IDOs) dominated the market, accounting for almost 75% of all public sales. Initial Exchange Offerings (IEOs) represented 18%, while Initial Coin Offerings (ICOs) made up the remaining 7%. However, all three fundraising models have experienced a sharp contraction this quarter.

Among launch platforms, CoinList remains the leader by total capital raised, facilitating $1.37 billion in funding. It is followed by Fjord Foundry with $975 million and Echo with $201 million, while Gate Launchpad and DAO Maker complete the top five.

Venture Capital Remains Selectively Active

Although public fundraising has weakened considerably, private investment in the crypto sector continues to show signs of resilience.

A May report from Galaxy Digital found that crypto venture capital firms invested around $4 billion across 355 deals during Q1 2026. While this represented a 50% decline from the previous quarter, the slowdown was largely attributed to the absence of the mega late-stage funding rounds that characterized the latter part of 2025.

Large private raises are still taking place. One notable example is Digital Asset Holdings, which secured $355 million in a funding round led by Andreessen Horowitz, just one month after raising another $300 million.

The data suggests that capital has not disappeared from the crypto ecosystem. Instead, it is becoming increasingly concentrated among a smaller group of established firms and private funding rounds, rather than flowing into public token launches.

Public offerings, which typically thrive during periods of strong market optimism, appear to have mirrored the broader downturn in investor sentiment. Supporting this view, a previous CryptoRank report found that many projects funded between April and June 2025, during a period of market recovery, ended the year trading significantly below their fundraising valuations.

This disappointing performance may help explain why retail investors have become increasingly cautious toward new token launches in 2026, leading to a dramatic decline in participation across the public fundraising market.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Hidden functions within smart contracts continue to pose a major risk in the crypto space, as they can allow developers to restrict token sales or withdraw liquidity without any prior warning.

According to recent data from the on chain security firm Web3 Antivirus, rug pulls accounted for more than 54 percent of newly identified crypto scams. The report suggests that although scam methods are evolving, many attackers still rely on launching seemingly legitimate token projects before exploiting hidden contract privileges to trap investors or drain funds.

Rug Pulls Remain the Most Prevalent Scam Type

In a June 9 update shared on X, Web3 Antivirus reported that honeypot schemes ranked second at around 22 percent. Fake tokens made up roughly 12 percent of cases, while scam airdrops accounted for just under 12 percent.

The effectiveness of rug pulls lies in their ability to mimic normal market behavior in the early stages. Prices rise, trading activity increases, and online communities appear active and engaged, giving the impression of a healthy project.

The danger only becomes apparent when contract owners activate concealed permissions that can block users from selling, remove liquidity pools, or otherwise restrict access to funds.

Web3 Antivirus described the process by noting that a token may appear to be thriving, with rising charts and growing community hype, but a single action from the contract owner can instantly reverse the situation. Once these controls are triggered, users may find themselves unable to exit while liquidity disappears and the token collapses.

Honeypot scams operate in a similar way. Fraudsters launch fake tokens backed by aggressive marketing campaigns designed to create a sense of legitimacy and demand. In many cases, scammers even conduct artificial trading to inflate volume and attract investors.

Once victims buy in at elevated prices, the contract prevents them from selling, allowing the attackers to extract funds and exit.

Web3 Antivirus Scam Pulse data indicates more than 425,000 rug pulls have been detected, along with 172,000 honeypot cases and over 94,000 scam airdrops.

The platform also reported that out of more than 100 million smart contracts analyzed, nearly 4 million have been classified as malicious, with approximately 3.1 million identified within the past month alone.

Rising Fake Token and Impersonation Activity

Security researchers have also observed an increase in fake token impersonation attacks. In its weekly leaderboard, Web3 Antivirus noted that Ethereum was the most frequently impersonated asset with 291 fake token detections. Tether followed with 270 cases, while USDC recorded 225. Overall activity has increased across nearly all monitored assets compared to the previous week.

Scam Delivery Methods Are Becoming More Sophisticated

Beyond blockchain based exploits, Web3 Antivirus highlighted that artificial intelligence is now helping scammers make phishing attempts more convincing. AI tools are being used to create polished emails, fake customer support chats, and deceptive social media posts that can easily pass quick visual inspection.

Their data shows that email remains the most common delivery channel at 53 percent, followed by SMS at 10 percent, social media at 9 percent, and online advertising at 8 percent.

Recent incidents highlight the growing threat. In May, a fraudulent Uniswap website reportedly drained at least 400,000 dollars from unsuspecting users before being taken down. That same month, Ripple’s former Chief Technology Officer David Schwartz warned XRP holders about a fake airdrop campaign targeting users on the XRP Ledger.

More recently, Web3 Antivirus identified a phishing account impersonating the Canton Network, which used official branding and misleading announcements to redirect users to malicious websites.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Ripple is positioning XRP and RLUSD at the center of the growing machine to machine economy through a new set of developer tools designed for the age of autonomous artificial intelligence.

As AI systems evolve beyond generating text, images, and basic code, they are increasingly capable of carrying out complex tasks independently. This includes paying for services, purchasing computing resources, and interacting economically with other digital systems without human intervention.

Recognizing this shift, Ripple has introduced a significant update to the XRP Ledger ecosystem that aims to make XRPL a foundation for AI powered financial interactions.

XRP and RLUSD Set to Power Autonomous AI Payments

The newly unveiled AI Starter Kit is a collection of tools intended to help developers create applications featuring autonomous AI agents that can send, receive, and manage payments using XRP and RLUSD.

According to Ripple, the toolkit enables developers to build AI systems capable of conducting transactions directly through the XRP Ledger.

The Starter Kit also supports X402 enabled payments, allowing AI agents to pay for services such as API access, AI model processing, cloud computing infrastructure, and other digital resources using either XRP or RLUSD.

Ripple believes this approach offers several advantages over blockchain networks that rely heavily on smart contracts and fluctuating transaction fees.

The XRP Ledger provides transaction finality within three to five seconds, offers predictable costs, and includes payment functionality built directly into the protocol.

This means developers can estimate transaction expenses ahead of time, while AI agents can execute payments without navigating gas fee bidding wars or unpredictable settlement delays.

Built In Exchange Features Offer Added Flexibility

Ripple also highlighted the XRP Ledger’s native decentralized exchange as a key advantage for developers.

Using this functionality, an AI agent can send RLUSD while the recipient receives XRP, or the other way around, all within a single transaction. The protocol automatically handles the currency conversion behind the scenes, simplifying the payment experience.

This seamless exchange capability could make cross asset transactions significantly more efficient for AI driven applications operating at scale.

Security Remains a Core Focus

Ripple argues that security is another major strength of the XRP Ledger.

According to the company, XRPL has operated continuously for 14 years without experiencing transaction rollbacks. Its protocol level payment infrastructure also reduces reliance on complex smart contracts, minimizing vulnerabilities that have contributed to billions of dollars in losses across various blockchain projects.

The first phase of the AI Starter Kit rollout will provide developers with documentation accessible through AI assistants such as Claude, wallet and payment tools tailored for agent based applications, and support for the X402 protocol through Ripple’s collaboration with t54.

As autonomous AI systems continue to reshape digital commerce, Ripple is making its case that XRP and RLUSD could become essential components of the infrastructure powering this emerging economy.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin has remained relatively stable around the $64,000 mark, but market participants are bracing for increased volatility as attention turns to a potential geopolitical breakthrough.

Following a week dominated by escalating tensions involving Iran, the United States, and other countries connected to the conflict, President Donald Trump announced on his social media platform that a permanent agreement with Iran is expected to be finalized tomorrow.

Given Bitcoin’s recent sensitivity to developments surrounding the conflict, investors are now questioning whether confirmation of the deal could trigger a fresh rally in the cryptocurrency market.

Trump Signals Major Announcement

In a detailed post shared on Truth Social, Trump criticized the nuclear agreement negotiated during former President Barack Obama’s administration, describing it as a pathway that enabled Iran to move closer to obtaining nuclear capabilities.

He contrasted that deal with the one his administration has pursued, insisting that the proposed agreement is designed to prevent Iran from acquiring nuclear weapons under any circumstances.

According to Trump, Iran no longer intends to seek such weapons, whether through domestic development, purchase, or any other means.

One of the most notable aspects of his statement was the claim that the agreement is scheduled to be signed tomorrow. He further stated that, once finalized, the Strait of Hormuz would immediately reopen to all parties.

Trump also expressed optimism about future cooperation, saying the United States looks forward to building long term relationships with Iran and the broader Middle East. At the same time, he warned that alternative measures remain available should diplomatic efforts fail, although he hopes they will never be necessary.

What Could This Mean for Bitcoin?

Bitcoin has already demonstrated how responsive it can be to geopolitical headlines.

When hostilities first erupted on February 28, the cryptocurrency suffered a sharp selloff, losing thousands of dollars in value within a short period. However, sentiment shifted dramatically after the announcement of an initial ceasefire agreement, with Bitcoin rebounding strongly and extending its gains when the ceasefire was prolonged.

As a result, Trump’s latest comments have reignited optimism among market participants. Many believe that a confirmed deal could improve risk appetite and support a stronger recovery in Bitcoin’s price.

That said, investors remain cautious. Similar promises and optimistic projections have surfaced several times over the past few months without leading to a final resolution. Until an agreement is officially signed and its details become clear, uncertainty is likely to persist.

For now, Bitcoin continues to trade near $64,000, but tomorrow’s developments could prove decisive in shaping its next major move.#crypto#cryptonews https://coinsignals.nethttps://t.me/coinsignalpublic

Beyond the decline in leveraged and speculative exposure to Bitcoin, spot market demand is also showing clear signs of weakening.

Analysts at market intelligence firm Glassnode have pointed to on chain data suggesting that enthusiasm for Bitcoin within traditional financial markets is steadily diminishing.

According to the firm’s latest observations, the main channels used by traditional investors to gain exposure to Bitcoin, including exchange traded funds and treasury related investment vehicles, are experiencing a noticeable drop in trading activity.

Traditional Market Appetite for Bitcoin Weakens

One of the key indicators supporting Glassnode’s view is the 30 day Simple Moving Average of trading volume for United States spot Bitcoin ETFs. The metric has fallen sharply from approximately $4.4 billion per day in October 2025 to around $960 million daily at present.

This represents a 78 percent decline, highlighting a substantial slowdown in investor participation through ETF products.

CryptoPotato previously reported that last week ranked as the second worst period for Bitcoin ETFs since their launch. As Bitcoin plunged to a 19 month low, investors withdrew a combined $1.72 billion from these funds. The last comparable wave of outflows occurred in February 2025.

Glassnode also noted that trading activity among Bitcoin treasury companies has deteriorated significantly. The 30 day Simple Moving Average of total trading volume across these Digital Asset Treasury firms has dropped from $34.2 billion per day in December 2025 to roughly $17.4 billion today.

The 49 percent decline further reflects fading speculative interest in Bitcoin through traditional investment channels, especially since the performance of these treasury related equities often moves in line with Bitcoin’s price action.

Glassnode summarized the trend by stating that both major avenues of traditional market exposure to Bitcoin are pointing to the same conclusion: speculative demand has largely retreated.

Spot Demand Is Also Losing Momentum

The slowdown extends beyond institutional and leveraged activity. Spot demand for Bitcoin has also contracted considerably.

Recent market behavior shows that investors are increasingly taking profits during price rallies instead of adding to their positions. This shift signals a transition away from an accumulation phase and toward a distribution period, reducing overall Bitcoin network activity to roughly half of its previous peak levels.

At the time of writing, Bitcoin was trading near $62,500, representing a decline of approximately 22 percent from its price of $80,900 just one month earlier. The asset also briefly fell below the $60,000 level over the previous weekend amid persistent selling pressure.

Taken together, these developments suggest that Bitcoin is firmly in a phase of declining spot demand.

With institutional participation weakening and buyers becoming increasingly cautious, the market now faces growing uncertainty over how much further Bitcoin could decline if bearish sentiment continues to dominate trading activity.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Michael Saylor recently clarified that he never claimed his company would never sell Bitcoin if circumstances required it.

Author and macroeconomic analyst Lyn Alden has defended Bitcoin amid the controversy surrounding Strategy’s recent decision to sell a small portion of its BTC holdings for the first time in nearly four years.

She was joined by other prominent Bitcoin advocates, including Samson Mow, who argued that companies like Strategy are free to accumulate Bitcoin because the network was built to function this way.

Bitcoin Was Built to Withstand Concentrated Ownership

The business intelligence firm founded by Michael Saylor, which later became one of the largest corporate holders of Bitcoin, faced criticism after selling a small fraction of its reserves. The company disposed of 32 BTC, sparking concerns among some market participants.

However, the transaction was far from a capitulation event. The sale was reportedly carried out to meet obligations tied to preferred stock distributions, including cash dividend payments across various classes of the company’s stock.

Despite this explanation, Bitcoin’s price declined sharply in the days that followed. The cryptocurrency fell from above $75,000, the level at which the sale took place, to a 19 month low of $59,100. While several factors contributed to the downturn, some observers linked the decline to Strategy’s decision, fueling fear and uncertainty within the market.

This led a number of public figures, including Jim Cramer, to criticize Michael Saylor and Strategy for what they viewed as their role in the selloff. Saylor responded by emphasizing that he had never stated the company would never sell Bitcoin under any circumstances. At the same time, he reiterated his long standing belief that individual investors should avoid selling their holdings.

Lyn Alden rejected the suggestion that Strategy could somehow destroy Bitcoin through its actions. According to her, if a single entity purchasing large amounts of Bitcoin were enough to undermine the asset and its network, then Bitcoin was never designed to succeed in the first place.

“If all it takes to kill Bitcoin is a bullish entity that likes it enough to buy, then go home,” she said.

Samson Mow Shares the Same View

Samson Mow, the Chief Executive Officer of Jan3 and a vocal Bitcoin supporter, echoed Alden’s perspective. Responding to her comments, he noted that Bitcoin does not operate under a proof of stake model, meaning ownership of the asset does not grant control over the network.

He further argued that Bitcoin was intentionally designed to allow participation from corporations, institutions, and even nation states without compromising its decentralization. In his view, large entities buying Bitcoin is not a flaw in the system but rather a feature of how the network was built to operate.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

The outlook for spot Ethereum ETFs mirrors Bitcoin’s recent struggles.

Spot Bitcoin exchange traded funds have now recorded net outflows for five straight weeks, marking another challenging period for investment products tied to the world’s largest cryptocurrency.

Despite the continued weakness, the latest figures suggest that selling pressure may be easing. The losses were far less severe than those seen in previous weeks, and Friday even delivered a positive surprise with net inflows.

Five Consecutive Weeks of Outflows

CryptoPotato has highlighted the disappointing performance of spot Bitcoin ETFs in recent weeks, particularly during the first trading week of June. During that period, investors withdrew more than $1.7 billion, making it the second largest weekly outflow since these products were launched.

Last week, four of the five trading sessions ended with net withdrawals. Investors pulled out $91.37 million on Monday, followed by $77.44 million on Tuesday. Outflows accelerated to $213.85 million on Wednesday before easing to $19.03 million on Thursday.

The first encouraging sign emerged on Friday when the trend reversed. According to SoSoValue data, Bitcoin ETFs attracted $85.85 million in net inflows, breaking the string of daily losses.

Even so, the overall week still closed in negative territory, with total net outflows approaching $316 million. The positive takeaway is that these losses were considerably smaller than the multibillion dollar withdrawals recorded over the previous four weeks.

The broader trend remains concerning. Since the week ending May 15, Bitcoin ETFs have experienced cumulative outflows exceeding $5.7 billion.

As a result, cumulative net inflows have continued to decline, falling from $59.34 billion on May 8 to $53.62 billion by June 12.

Ethereum ETFs Face Similar Pressure

Spot Ethereum ETFs have also endured a difficult stretch. Data from SoSoValue shows that these funds have likewise posted net outflows for five consecutive weeks, although the most recent week’s losses were less severe than many of the previous ones.

The week actually began on a strong note, with Ethereum ETFs attracting $82.37 million in fresh investments on Monday.

However, sentiment weakened over the following sessions. The funds recorded net outflows of $40.85 million on Tuesday, $35.59 million on Wednesday, $15.89 million on Thursday, and $4.95 million on Friday.

By the end of the week, Ethereum ETFs had registered just under $15 million in total net outflows. While still negative, the figure represented a significant improvement from the $173 million withdrawn during the prior week.

Cumulative net inflows into Ethereum ETFs have also retreated, slipping below $11.20 billion on Friday after reaching a peak of $12.09 billion on May 8.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic