Combined institutional flows from spot Bitcoin ETFs, stablecoins, and corporate holder Strategy have turned to a record $8 billion in net outflows over the past month, according to analysis from BIT. The firm warned this outright reversal, worse than a mere slowdown, suggests selling pressure could persist without a major catalyst. Bitcoin’s price recently dipped near $63,000 before recovering to just above $65,000.
Combined institutional flows across spot Bitcoin ETFs, stablecoins, and the world’s largest corporate holder of BTC, Strategy, have swung to a record $8 billion in net outflows in the last 30 days. BIT stated on June 22 that institutions were reducing exposure ahead of summer.
Data shows funds tracking Bitcoin bled $2.43 billion in May and have recorded net outflows of $2.26 billion so far in June. On-chain stablecoin data indicates all-exchange reserves are at $63.3 billion with a 24-hour net flow of negative $103.7 million, signaling reduced buying power.
Analyst Markus Thielen noted flows merely stalled in late 2025 but have now reversed outright. “This suggests the move from $82,000 to $62,000 could prove more consequential than the earlier decline from $102,000 to $82,000,” he wrote.
His assessment concluded that without a dovish Federal Reserve pivot or another clear catalyst, little buying may return soon. He noted selling volatility may still offer opportunities, even if “upside appears limited.”
Meanwhile, Strategy’s preferred stock experienced a major sell-off last week, pulled as low as $82.50. Although the company recently spent $100 million to add 1,587 BTC, an analyst warned it could be forced to sell up to 50,000 BTC over two years.
Bitcoin rose from around $63,000 to just above $64,000 during the weekend before dipping back early Monday. At the time of writing, it had clawed back losses to trade above $65,000, gaining a modest 2% over two weeks.
If BIT’s analysis holds, Bitcoin could be at the mercy of institutions preserving capital. Their data suggests caution could shape the market heading into the second half of the year.
