$BTC

Despite institutional buying, a number of reasons probably contributed to the decline in the price of bitcoin on June 20–21, 2025.

1. The loss was accelerated by $450M in liquidations, primarily from long positions, caused by high volatility.

2. Investor appetite was diminished by a short-term risk-off attitude fueled by global uncertainties such as Trump's tariffs.

3. Some funds, such as Grayscale's ETF, had no net inflow, indicating that purchases had been suspended.

With $27.4 billion in ETF holdings, long-term institutional interest is still high, but buying may be outweighed by short-term market conditions and outside forces. Although analysts warn of further declines to $92 K, a recovery is probable. Because of the mixed data, care is necessary.