Dec 24, 2025
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Bitcoin ETFs Experience Significant Outflows and Price Weakness Persists
Bitcoin's price continues to struggle, with each recovery met by selling pressure. Current flirting around $87,000, on-chain data shows a decline in total wallet addresses among sharks and whales, indicating a bearish sentiment.
Repeating 2021 Price Pattern
- Analyst Tracer warns of a similar pattern to 2021, marked by a double top followed by a sell-off.
- Potential temporary bounce to $100K before another drop below $60K.
- Santiment reports a 2.2% decrease in wallets holding at least one Bitcoin since March peak.
- Wallets holding more than one Bitcoin increased holdings by approximately 136,670 BTC.
Bitcoin has shown a strong negative correlation with US tech stocks and metals like Gold and Silver. A recent bounce to $90,000 was rejected.
Bitcoin ETF Outflows
- US spot Bitcoin ETFs have experienced significant outflows, continuing from last week's $497 million.
- Total outflows across all US Bitcoin ETFs reached $188 million, with BlackRock iShares Bitcoin Trust seeing the largest at $157.3 million.
Overall, the current market dynamics indicate caution among investors as Bitcoin faces challenges both on-chain and from macroeconomic factors.