Bitcoin Spot ETFs Experience Record Outflows Amid Price Stability

Bitcoin's price is currently at $87,361, reflecting a 3.4% increase in the past day and approaching the $90,000 level. Despite this upward trend, significant outflows from Bitcoin spot ETFs indicate differing institutional behavior.

Key Highlights

Over $4.8 billion has exited Bitcoin spot ETFs since their peak inflow.
This marks the largest drawdown for these ETFs since launch.
Despite ETF outflows, Bitcoin's price has remained relatively stable.
ETF volumes represent about 1.5% of total trading volume across spot and futures markets.
Short-term ETF fluctuations may not influence market direction significantly.
Historical analysis suggests current market conditions mirror those seen at the end of the 2018 bear market.

Analysts note that while macroeconomic factors could still impact outcomes, historical patterns may provide insights into potential future trends.