Bitcoin ETF In Red After Historic IBIT Pullback
Thursday, June 6, the asset management giant experienced a record withdrawal of $130.49 million from its spot Bitcoin ETF IBIT, the largest since its launch in January. This shock was enough to push the entire Bitcoin ETF market into the red for the second consecutive session, calling into question the institutional momentum that had supported these bitcoin-backed investment vehicles until then.
After eighteen consecutive days of positive flows on its IBIT , BlackRock recorded a net outflow of $130.49 million last Thursday from its spot Bitcoin ETF, IBIT. This is the largest daily outflow since its launch in January 2024.
This event significantly contributed to tipping the entire Bitcoin ETF market into the red for the second consecutive day. Net outflows on Bitcoin ETFs persisted for a second consecutive day, primarily driven by IBIT.
This movement contrasts with the trend observed in recent months, where IBIT had regularly been among the most attractive ETFs in net inflows.
Here are the detailed flow figures observed that day :
Despite these positive inflows in some funds, the total daily balance remains negative at $48.2 million. This imbalance highlights how significantly large fund outflows at a major player like BlackRock can affect the entire segment.
The situation is even more perplexing as Bitcoin continues to trade in a consolidation zone, without an obvious triggering event. This apparent disconnection between price behavior and institutional flows is now attracting analysts’ attention.
Beyond the numbers, several macroeconomic signals help contextualize this retreat. Indeed, this wave of withdrawals could be explained by a tactical repositioning ahead of upcoming announcements from the U.S. Federal Reserve.
It is possible that some institutional investors preferred to temporarily reduce their exposure while awaiting imminent monetary policy decisions. The move could also reflect targeted profit-taking after Bitcoin’s recent rebound.
Observers mention portfolio rebalancing or short-term adjustment. In a market where passive investment via a crypto ETF becomes standard, these adjustments can have disproportionate effects.
It is also possible that some arbitrages are linked to increased crypto market volatility this week or anticipation of exogenous events such as IPOs of major crypto companies.
This IBIT withdrawal which even led to the freezing of BlackRock’s flows , although dramatic, does not signify a lasting rejection. Rather, it highlights the fragility of institutional balances in an still young market, even as it quickly structures itself. In the short term, it might encourage some actors to be cautious, but in the medium term, it could also offer an entry opportunity for investors seeking a temporary dip.
ECB’s Schnabel says markets shouldn’t bet on long-term policy split with the Fed
Markets hoping for a long-term gap between ECB and Fed policy are going to be disappointed. Isabel Schnabel, a top policymaker at the ECB, made it very clear on Saturday that there won’t be a lasting divergence in strategy between Europe and the U.S.
Schnable’s words came during the 31st Dubrovnik Economic Conference, where she called current market speculation misleading. “I would not expect a sustained decoupling,” she said, adding that the idea of a split is not backed by actual market pricing.
Schnabel said the trade war between the U.S. and China is acting like a global shock that hits both demand and supply worldwide. “We can discuss which of the two effects on inflation is larger because that determines the net effect,” she added. But either way, she shut down the idea of long-term separation.
Both the ECB and the Fed hiked rates aggressively through 2021 and 2022 as inflation went wild after the pandemic. In 2024, they started cutting. But here’s where things split — or at least looked like they did.
The ECB has already cut rates eight times. The most recent cut happened on Thursday, bringing its key rate down from 4% to 2%. Meanwhile, the Fed hasn’t touched its rates since December 2024, keeping the federal funds rate steady at 4.25% to 4.5%.
Still, Schnabel pushed back on the idea that this temporary gap means anything long-term. Fed officials will meet again June 17–18 in Washington, and most expect no changes.
They’re waiting to see what direction Donald Trump’s administration goes with trade, taxes, and immigration. Nobody at the Fed wants to move before they know what kind of economic shock Trump’s policies might bring.
Inflation in both the U.S. and Europe took off after the pandemic and peaked around the middle of 2022. Then, it cooled down at almost the same time in both places. This is exactly why Schnabel and others inside the ECB say inflation is now a global issue, not a local one.
But recently, inflation trends started drifting apart. U.S. inflation stayed sticky. In contrast, eurozone inflation dropped below the ECB’s 2% target in May, coming in at 1.9%, and it’s now expected to average just 1.6% in 2026.
Trump’s new tariffs could push U.S. prices up, while in Europe they might actually drive prices down. Why? A few things. The dollar is weaker, global demand is slowing, and Asian exports that can’t go to America will likely get dumped in Europe at lower prices.
Schnabel acknowledged the theory: “If China can no longer export to the United States, they’re going to flood the rest of the world and especially Europe with cheap goods — and that could then lead to high inflation in the U.S. and low inflation in Europe.” But she dismissed it as not a big deal. “This effect is actually quantitatively quite small.”
And even if that did become a real threat, Schnabel said Europe would hit back. “You can be sure that there would be counteracting measures coming from the European Commission.” Her bottom line? “This is not an argument for divergence.”
ECB President Christine Lagarde backed this up last Thursday. She said rate cuts are almost done. “We’re in a good position,” she told reporters, hinting that most of the heavy lifting is already finished. Internally, some officials now believe that 2% could be the final rate.
Even Yannis Stournaras, one of the most dovish members of the ECB, told Bloomberg on Friday that “the bar for another rate cut is high.” According to him, it would take “big downward surprises” in growth or inflation to push rates any lower.
Inflation is falling faster than expected. That 1.9% reading in May was a surprise. Forecasts now show it averaging 1.6% in 2026 before climbing back to 2% in 2027.
Europe’s economy grew 0.6% in the first quarter of 2025, as exports from countries like Ireland and Germany surged ahead of expected U.S. tariffs. The concern now is that this short-term boost could fade fast in the coming quarters.
Schnabel also pointed out that while the recent drop in inflation was mostly because of falling energy prices, she’s seeing deeper shifts. “We do see that also the more persistent components are coming down,” she said. Still, she admitted not everything is fixed.
“Wage growth is still too high, service inflation is still relatively high, and domestic inflation is generally high,” Schnabel said. But she added, “Our confidence is there that kind of the past shocks are now fading and that we are in a good place on that.”
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What Happens If You Invest $1000 in These 5 Coins Right Now?
The crypto market is once again brewing with opportunities as accumulation patterns, support retests, and moving average interactions flash signals across multiple altcoins. We analyzed five promising coins — Internet Computer (ICP), Toncoin (TON), Injective (INJ), Cardano (ADA), and Ethena (ENA) — to find out what would happen if you invested $1000 in each of them today. Here’s the detailed breakdown, backed by chart insights and future projections.
Internet Computer (ICP) is currently trading at $5.08 , with a visible resistance around the $5.20–$5.35 region, which is close to its 100-day SMA. The price is still under its long-term moving averages, indicating that the larger trend is bearish. However, the compression of candles in a tight range and the formation of a flat base suggest that accumulation is taking place.
If ICP breaks above the $5.35 resistance zone and closes above it for 2–3 consecutive sessions, a quick move toward $6.50 is highly likely. A $1000 investment at the current price would buy you about 196.85 ICP tokens. If the price hits $6.50, your $1000 would become $1,279.53, giving you a return of ~27.9%.
Toncoin is holding support near $3.12 and facing resistance at $3.21, which is just above the 50-day SMA. After a failed breakout attempt in May, TON has re-entered a tight accumulation band. The Heikin Ashi candles have started to turn green again, suggesting renewed buying interest.
If TON clears $3.25 and sustains, it could push toward the psychological level of $4.00. Investing $1000 now gets you approximately 314.10 TON. If the price rallies to $4.00, the value of your investment becomes $1,256.4, giving a possible return of ~25.6% in the short term.
Injective has made a strong comeback with today’s candle closing above key moving averages. The price is now $12.94, reclaiming both the 20- and 50-day SMAs. The bounce came after a pullback from the $16–$18 zone. The bullish engulfing Heikin Ashi candle and rising volume hint that a new wave up could be starting.
A return to recent highs around $18 is possible if momentum continues. Your $1000 would buy around 77.28 INJ tokens. If INJ reaches $18, your holding could grow to $1,391, yielding ~39.1% profit, the highest in this batch.
ADA is trading at $0.66 , just under the 100-day and 200-day SMAs. The coin recently dipped to retest key support at $0.60, which held. It is showing early signs of bullish reversal but remains in a wider corrective structure.
If Cardano can break above $0.72 with good volume, a quick move to $0.90 is on the table. With $1000, you’d get 1,512 ADA tokens. If ADA reaches $0.90, the investment would be worth $1,360.8, or a gain of ~36%, but this might take more time compared to others.
Ethena is trading at just $0.31 after bouncing from local support. While it’s still below its 100-day SMA and recently lost the 20-day SMA, the long lower wicks suggest strong dip buying. ENA is volatile but has potential to reclaim $0.45–$0.50 range if the broader market turns bullish.
At $0.3167, $1000 gives you 3,157 ENA tokens. A price move to $0.50 would turn that into $1,578.5, a massive ~57.8% return, assuming a breakout. However, the volatility risk here is high.
If you put $1000 into each of the 5 coins, your total investment would be $5000. Based on realistic short-term price targets:
Projected total value: $6864 Estimated profit: $1864 ROI: ~37.3%
Technically, most of these assets are recovering from multi-week consolidations and are at low-to-mid points in their cycles. The charts suggest that Injective and Ethena offer the best upside, while Cardano and ICP are better for safer accumulation. Toncoin is a balanced play with solid support levels.
If Bitcoin continues to hold above $70K in June, these altcoins could outperform with sharp rallies. While this strategy carries risk like any crypto investment, the current technical structures point toward a strong short-term reward potential.
Stay updated, manage your risk, and watch for breakout confirmations — because $1000 in the right coin at the right time could do more than you think.
$ICP, $INJ, $ADA, $ENA, $TON
The crypto market is once again brewing with opportunities as accumulation patterns, support retests, and moving average interactions flash signals across multiple altcoins. We analyzed five promising coins — Internet Computer (ICP), Toncoin (TON), Injective (INJ), Cardano (ADA), and Ethena (ENA) — to find out what would happen if you invested $1000 in each of them today. Here’s the detailed breakdown, backed by chart insights and future projections.
Internet Computer (ICP) is currently trading at $5.08 , with a visible resistance around the $5.20–$5.35 region, which is close to its 100-day SMA. The price is still under its long-term moving averages, indicating that the larger trend is bearish. However, the compression of candles in a tight range and the formation of a flat base suggest that accumulation is taking place.
If ICP breaks above the $5.35 resistance zone and closes above it for 2–3 consecutive sessions, a quick move toward $6.50 is highly likely. A $1000 investment at the current price would buy you about 196.85 ICP tokens. If the price hits $6.50, your $1000 would become $1,279.53, giving you a return of ~27.9%.
Toncoin is holding support near $3.12 and facing resistance at $3.21, which is just above the 50-day SMA. After a failed breakout attempt in May, TON has re-entered a tight accumulation band. The Heikin Ashi candles have started to turn green again, suggesting renewed buying interest.
If TON clears $3.25 and sustains, it could push toward the psychological level of $4.00. Investing $1000 now gets you approximately 314.10 TON. If the price rallies to $4.00, the value of your investment becomes $1,256.4, giving a possible return of ~25.6% in the short term.
Injective has made a strong comeback with today’s candle closing above key moving averages. The price is now $12.94, reclaiming both the 20- and 50-day SMAs. The bounce came after a pullback from the $16–$18 zone. The bullish engulfing Heikin Ashi candle and rising volume hint that a new wave up could be starting.
A return to recent highs around $18 is possible if momentum continues. Your $1000 would buy around 77.28 INJ tokens. If INJ reaches $18, your holding could grow to $1,391, yielding ~39.1% profit, the highest in this batch.
ADA is trading at $0.66 , just under the 100-day and 200-day SMAs. The coin recently dipped to retest key support at $0.60, which held. It is showing early signs of bullish reversal but remains in a wider corrective structure.
If Cardano can break above $0.72 with good volume, a quick move to $0.90 is on the table. With $1000, you’d get 1,512 ADA tokens. If ADA reaches $0.90, the investment would be worth $1,360.8, or a gain of ~36%, but this might take more time compared to others.
Ethena is trading at just $0.31 after bouncing from local support. While it’s still below its 100-day SMA and recently lost the 20-day SMA, the long lower wicks suggest strong dip buying. ENA is volatile but has potential to reclaim $0.45–$0.50 range if the broader market turns bullish.
At $0.3167, $1000 gives you 3,157 ENA tokens. A price move to $0.50 would turn that into $1,578.5, a massive ~57.8% return, assuming a breakout. However, the volatility risk here is high.
If you put $1000 into each of the 5 coins, your total investment would be $5000. Based on realistic short-term price targets:
Projected total value: $6864 Estimated profit: $1864 ROI: ~37.3%
Technically, most of these assets are recovering from multi-week consolidations and are at low-to-mid points in their cycles. The charts suggest that Injective and Ethena offer the best upside, while Cardano and ICP are better for safer accumulation. Toncoin is a balanced play with solid support levels.
If Bitcoin continues to hold above $70K in June, these altcoins could outperform with sharp rallies. While this strategy carries risk like any crypto investment, the current technical structures point toward a strong short-term reward potential.
Stay updated, manage your risk, and watch for breakout confirmations — because $1000 in the right coin at the right time could do more than you think.
$ICP, $INJ, $ADA, $ENA, $TON