Bitcoin and Ethereum sold off sharply over the last 24 hours, with BTC falling 2.97% to $61,477.52 and ETH dropping 3.33% to $1,631.80. The move hit the entire large-cap complex, dragging down XRP, SOL, BNB, and ADA, while stablecoins held near peg. The weakness reflects sustained institutional outflows from spot Bitcoin ETFs. U.S. spot Bitcoin ETF assets fell to $77.58 billion, the lowest level since Trump's 2024 election win, with a daily outflow of $77.44M on June 9 and a 30-day cumulative outflow of $4.50B. That represents a real shift in institutional positioning, despite an improving regulatory backdrop that includes SEC enforcement pullbacks and a U.S. strategic Bitcoin reserve.