Bitcoin Sinks Deep Into Bear Market as Extreme Fear and ETF Outflows Grip Market
Institutional inflows have provided critical support for Bitcoin since U.S. spot Bitcoin ETFs were approved for listing in 2024. That support is now reversing as inflation picks up and the funds suffer persistent outflows. On-chain analytics platform Checkonchain said Bitcoin was nearing its 200-week moving average, with its valuation in the lowest 10% of its historical range, signaling the type of bottom-building zone commonly seen late in bear markets.
As of June 11, 2026, Bitcoin had briefly fallen below $60,000 this week for the first time since 2024 before recovering to $62,623. The Crypto Fear & Greed Index dropped to 9. The U.S. Bureau of Labor Statistics reported on June 10 that the consumer price index rose 0.5% month on month and 4.2% year on year in May. Spot ETFs recorded their longest streak of net outflows since launch, while Polymarket put the probability of the CLARITY Act passing this year at 48%, down from 62%.
All Coverage
1 original reportsThe Backstory
The history behind this eventBitcoin Falls Below $67,000, Triggering ‘Extreme Fear’ as Analysts See Rebound Ahead
Alternative.me’s Crypto Fear & Greed Index gauges risk appetite in the crypto market using volatility, trading volume and market sentiment. Bitcoin’s decline has pushed fear into extreme territory. Historically, a bottom in sentiment that coincides with long-term Power Law support has often been viewed as an important signal that prices may be stabilizing.
Bitcoin most recently fell below $67,000, while the Crypto Fear & Greed Index dropped to 11, entering “extreme fear” territory and reaching its lowest level since early April 2025. Market analysts say “max fear” could foreshadow a rebound. If risk appetite recovers, Bitcoin may have a chance to catch up with U.S. stocks, which recently hit record highs.
Subscribe to Mark Radar Weekly
Every Friday, the week's strongest signals in your inbox. Unsubscribe anytime.
If you search news on Google, you can set Mark Radar as a preferred source—our coverage will show up more often in your results. Set as preferred source on Google →