ETF Outflows Hit Yearly Record
Bitcoin’s price tumbled below $75,000 over the weekend, reaching as low as $74,305 early Saturday. This marks its lowest level since April 20 and puts the world’s largest cryptocurrency nearly 10% beneath its recent high of over $82,500 recorded on May 6. The drop comes amid a surge in outflows from U.S. spot Bitcoin ETFs, which have seen more than $2.26 billion withdrawn in just two weeks.
According to coindesk.com, investors pulled $1.26 billion from U.S. spot Bitcoin ETFs this week alone—the largest single-week outflow since January—after roughly $1 billion left the previous week.
On paper, ETF products are designed to make Bitcoin more accessible to mainstream investors, but the recent redemptions streak has coincided with sharp price declines and shaken confidence among some market participants.
Investors Flee as Prices Slide
The selling pressure was not limited to Bitcoin itself. In the past 24 hours, nearly $917 million in crypto futures positions were liquidated across the market, with Bitcoin accounting for $371 million of that and Ethereum another $261 million. Of these liquidations, $827 million came from traders who had bet on rising prices—so-called "long" positions—underscoring how quickly sentiment shifted as prices fell.
Bitcoin traded above $80,000 just last week; now it sits more than 4% lower over the past month.
Ethereum also dropped 2.7% in the last day to around $2,059, while Solana declined over 3% to $84. As of writing, Bitcoin was down more than 3% over the past 24 hours and about 2.7% for the week.
See Also
$2 Billion Pulled in Two Weeks
ETF outflows have accelerated rapidly: U.S. spot Bitcoin ETFs have now seen six consecutive days of net redemptions, totaling more than $1.25 billion according to Farside Investors data cited by multiple sources. This brings total ETF outflows to over $2.26 billion across just two weeks—a pace not seen since January’s volatility.
Despite these withdrawals, ETF analyst James Seyffart noted recently that spot Bitcoin ETFs have still attracted about $60 billion in inflows since their launch earlier this year. Most of the nearly $9 billion in outflows recorded between October and February have been recovered, suggesting that while recent redemptions are notable, they come after a period of strong net inflows overall.
Calm on Wall Street, Crypto Shakes
While crypto markets reeled Friday and Saturday, traditional equities told a different story. The Dow Jones Industrial Average hit fresh all-time highs at Friday’s open; both the S&P 500 and Nasdaq 100 hovered just below record levels as well. This divergence was mirrored in demand: Bitcoin’s Coinbase Premium Index—a measure of U.S.-based buying—sank to monthly lows during this period.
Mosaic Asset Company observed negative divergence between average stock performance and major indexes using technical indicators like MACD (moving average convergence/divergence) and the 20-day simple moving average. In other words: while headline indices looked strong, underlying breadth was weaker—yet crypto faced outright selling pressure instead of mere hesitation.
Why It Matters
For investors tracking both crypto and traditional markets, this episode offers a reminder that risk appetite can shift quickly—and not always in tandem across asset classes. The nearly $1 billion in liquidations within a single day highlights how leveraged bets can unravel fast when sentiment turns sour or major holders exit positions through vehicles like ETFs.
Meanwhile, speculative capital is flowing into commodities such as oil and copper due to concerns over potential supply disruptions through key chokepoints like the Strait of Hormuz—a sign that some traders are rotating away from digital assets toward physical ones amid ongoing geopolitical uncertainty.
It’s unclear whether sustained ETF outflows will continue or if this marks a short-term shakeout before renewed accumulation begins; historically, periods of heavy redemptions have sometimes preceded renewed buying interest once selling pressure abates.
For now, Bitcoin holders face another test of resolve as prices hover near one-month lows and ETF volumes remain under scrutiny.
Key indicators to follow
If U.S. spot Bitcoin ETFs continue their six-day streak of outflows, which has already totaled $1.26 billion over the last five days according to Farside data, further immediate pressure on Bitcoin’s price and additional liquidations—already nearing $1 billion in the past 24 hours—could occur; however, whether these outflows will persist or reverse remains unclear.
