Bitcoin ETF Outflows Hit $258M as BTC Falls to $108.7K

On Sept 25, US spot Bitcoin ETFs saw net outflows of $258 million, marking continuous redemptions except for inflows into BlackRock’s IBIT. This Bitcoin ETF outflow coincided with BTC slipping to a four-week low of $108,700, testing the $109K support level. Ethereum spot ETFs also recorded $251 million in withdrawals, the fourth consecutive day of outflows. On-chain data from Glassnode shows long-term holders realizing over 3.4 million BTC in profits this cycle, signaling market exhaustion. The Spent Output Profit Ratio (SOPR) sits at 1.01, indicating some sellers are exiting at a loss, while Short-Term Holder NUPL nears zero, warning of possible forced liquidations. Analysts warn of a potential deeper correction if BTC breaks the $107,500 early-September low, as stop-loss selling could accelerate the downturn. However, Binance liquidity data and CryptoQuant models suggest the 10–11% pullback from the all-time high may be a controlled correction. A sustained hold above $109K–$110K could lead to consolidation and a retest of $118K–$122K. Traders should watch for key support levels and institutional Bitcoin ETF flows. A break below $109K may trigger further bearish momentum, while resilience could signal a base for recovery.