Bitcoin's price has dropped to a two-month low, falling below $69,000, as the cryptocurrency faces a streak of institutional outflows. Over the past 11 days, Bitcoin ETFs have experienced outflows totaling $3.45 billion, contributing to the downward pressure on the market. Additionally, the market has seen $742 million in liquidations, further exacerbating the decline. The combination of these factors indicates a materially softer demand for Bitcoin, with onchain interest also appearing to fade.