Key Takeaways Bitcoin slipped near $58,000 even as Treasury yields eased, equities reached record highs, and gold weakened. Analysts say continued institutional outflows, negative gamma positioning, and steady mechanical selling have outweighed improving macroeconomic conditions. Ultimately, investors will monitor ETF flows, Strategy sales, futures activity, and support near the estimated $53,000 realized price. Why Did Bitcoin Fall While Traditional Markets Improved? According to the Bitfinex Alpha report published July 1, bitcoin began the third quarter by revisiting its cycle low near $58,000 despite financial conditions that would normally favor risk assets. Treasury yields eased, U.S. equities finished the quarter at …