The crypto market witnessed a significant shift on June 20, with Bitcoin spot ETFs suffering a substantial outflow of $140 million, marking the fifth consecutive day of losses. Grayscale's GBTC was the hardest hit, losing $53.1 million in a single day, while BlackRock's IBIT ETF bucked the trend, recording an inflow of $1.48 million.

The outflow from Bitcoin spot ETFs continued for the fifth day, with a total of $139.88 million leaving these funds on June 20. This trend began earlier in the week, with $152.4 million exiting these funds on June 18. The market is now eagerly awaiting the upcoming U.S. private-sector PMI data on June 21, which could potentially halt the outflow streak.

Grayscale Bitcoin Trust (GBTC) saw a significant outflow of $53.1 million, while Fidelity Wise Origin Bitcoin Fund (FBTC) experienced a $51.1 million outflow. The market is now focused on the U.S. S&P Global Services PMI data, which could impact the outflow trend. If the data suggests a Federal Reserve rate cut in September is likely, it could halt the outflow streak.

Bitcoin's price has dipped to $64,678.11, down 1.34% in the last day and 3.42% over the week. Trading volume hit $23.4 billion in 24 hours, with a market value of $1.2 trillion. The price is below its 50-day average but above the 200-day average, hinting at short-term weakness but long-term strength.

In conclusion, Bitcoin spot ETFs have experienced a significant outflow, marking the fifth consecutive day of losses. Investors are now focused on the upcoming U.S. private-sector PMI data, which could potentially impact the outflow trend. As the market continues to evolve, investors must keep a close eye on Bitcoin ETF flows and market trends to make informed decisions.