Bitcoin ETFs outflow $648M as macro de-risking hits BTC
Bitcoin ETFs recorded about $648M–$649M net outflows on Monday, the largest single-day withdrawal since late January (SoSoValue). BlackRock’s IBIT led with roughly $448M outflows, followed by ARK/21Shares (~$110M) and Fidelity’s FBTC (~$63M). This extends a selloff after prior days saw around $1B outflows, keeping near-term selling pressure on Bitcoin.
The article links the Bitcoin ETFs weakness to broader de-risking tied to renewed U.S.–Iran geopolitical tension and to a shift in Fed rate expectations after the latest U.S. inflation data. Risk sentiment deteriorated as the Crypto Fear and Greed Index fell to 25 (“Extreme Fear”).
However, downside momentum may be tempered. The piece highlights continued accumulation by long-term BTC holders despite more supply moving into unrealized losses. It also notes funding rates flipped positive after a multi-month negative stretch, and last week’s liquidation volume was heavy (over $670M cited), which can reduce the pool of forced sellers.
For traders, the key tension remains flows versus positioning: continued Bitcoin ETFs outflows are a near-term drag on BTC, but improving funding and long-term holder behavior could slow the rate of downside moves.
Bearish
Bitcoin ETFs outflows are currently acting as a direct marginal seller for BTC. With ~$648M–$649M withdrawn on Monday (and prior days already showing large withdrawals), the flow-driven impulse for the next sessions is likely downward or at least capped.
That said, the negative case is moderated by signals that typically reduce liquidation pressure: long-term BTC holders continue accumulating, funding rates have turned positive again, and liquidation activity (>$670M cited) suggests some forced-selling may have already been absorbed. Net result: near-term pressure remains bearish, but follow-through lower may be less aggressive than pure ETF-flow data alone would imply.