Bitcoin ETFs lose $1.23B amid six-year low exchange supply

U.S. spot Bitcoin ETFs don get net outflows of $1.23 billion last week. Bitcoin ETFs get $366.6 million redemptions for Friday alone, wey BlackRock’s iShares Bitcoin Trust lead with $268.6 million, followed by Fidelity ($67.2 million) and Grayscale’s GBTC ($25 million). These withdrawals match $19 billion liquidation event wey trigger by U.S. tariff announcements and Bitcoin price fall from above $115,000 to below $104,000. On-chain data show say exchange supply dey for six-year low, with over 45,000 BTC wey don withdraw since early October. Glassnode talk say illiquid supply drop only 2% for Q3, while liquid supply grow 12%. CryptoQuant data show exchange and OTC desk holdings fall from 4.5 million to 3.1 million BTC, meaning say long-term holders dey continue to gather more. Analysts warn say to fit regain the $108,000–$109,000 level na key to avoid test of $100,000 support, and e fit trigger move go $112,000. Meanwhile, institutional adoption still strong: public companies dey add Bitcoin to their balance sheets, CME Group get plan for 24/7 futures trading, and S&P dey develop crypto index. Even though ETF get short-term outflows, these things dey support big bigger bullish outlook for Bitcoin.