Market Round Up: June 8 2026

BTC crashed 12% intraweek to $61,300, its lowest since February, as $1.75 billion was liquidated in a single session. Meanwhile, US spot Bitcoin ETFs posted a record 13-day outflow streak totaling $4.4 billion, the heaviest selling since the products launched in 2024.

↳ BTC hit $61,300 on June 4 as geopolitical tensions, leverage unwind, and Strategy's first BTC sale since 2022 combined to push markets into Extreme Fear territory.

↳ US spot BTC ETFs saw 13 consecutive days of net outflows totaling $4.4B. The 20-day trailing window hit $5.42B and 73,080 BTC, both all-time records.

↳ CFTC cleared Coinbase to offer perpetual futures via Deribit, making it the first US-regulated exchange for perps. Own US product launches July 21.

↳ Robinhood completed its $180M acquisition of WonderFi, entering the Canadian market with Bitbuy and Coinsquare, covering C$2.1B in assets and 1.6M users.