TechFlow News: On June 8, according to BIT’s official Chinese-language account (@BITofficial_CN) market recap, the cryptocurrency market as a whole faced downward pressure last week. BTC declined from approximately $73,400 on June 1 to around $63,100 on Monday this week, briefly touching a low of $61,400 intraday; ETH similarly fell to roughly $1,680. On the funding front, BTC spot ETFs recorded net outflows for 13 consecutive trading days, totaling approximately $4.4 billion in outflows. Combined with whale sell-offs and concerns over Mt. Gox wallet transfers, short-term selling pressure continued to intensify. As BTC approaches the critical support level of $60,000, the market posted an initial rebound within the past 24 hours. Going forward, key factors to watch include whether ETF inflows resume, whether the $60,000 support level holds, and how this week’s CPI data impacts risk sentiment.
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