Bitcoin breaks below $60K as ETFs bleed a record $6.4B in 30 days

Bitcoin slipped below $60,000 to its lowest level since late 2024. Deutsche Bank attributes the slide to three forces: a hawkish Federal Reserve, sustained ETF outflows, and capital rotating into AI. Spot bitcoin ETFs shed a record $6.4 billion over the trailing 30 days. Oil is finding a floor on peace; the coin is breaking down on rates. The two assets that were supposed to move together on geopolitical risk are telling opposite stories this week.