Bitcoin Tests Critical Support as ETFs Bleed Four Point Four Billion

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Welcome to Stock Market Today, your market briefing with actionable insights on stocks, bonds, crypto and the events moving markets. Let's get into it. Bitcoin touched $61,300 overnight, the lowest since February, before recovering to $63,600 as traders liquidated $1.5 billion in leveraged longs. The 200-week moving average at $61,800 has defined every bear market bottom since 2015
Break below in the next floor is $54,000.
Spot Bitcoin ETFs just broke records. 13 consecutive days of outflows totaling $4.4 billion.
BlackRock's iBit shed $3.3 billion alone. Roughly $400 billion is rotating into AI infrastructure while Bitcoin ETFs bleed. Bears see broken market structure as nearly every major asset class trades at all-time highs except crypto. Ethereum trades at $17.75 after hitting 14-week lows. Ether ETFs recorded 16 straight days of outflows. $847 million gone. The Coinbase premium index crashed to negative 0.16, signaling heavy US institutional selling. Moomoo partnered with Kalshi to integrate CFTC-regulated prediction market contracts directly into its trading app. Users can now trade event contracts on Fed decisions, inflation releases, and elections alongside equities. Prediction market volumes exploded from under $5 billion monthly in September to $24 billion by April. Treasury Secretary Bessent confirmed progress on Trump's Strategic Bitcoin Reserve, holding 328 BTC, valued at about $215 billion.
The Clarity Act could pass the Senate this summer, providing the first comprehensive federal framework defining cryptocurrency jurisdiction. SpaceX filed for a $75 billion IPO, valuing the company at $1.75 trillion.
The aerospace giant holds 18,712 Bitcoin, valued at $1.29 billion.
Combined with Tesla's holdings, analysts warn this IPO could siphon over $240 billion from crypto as investors reallocate into high growth equity. That wraps your market intel. Trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot.io.