A sustained 11-day streak of institutional selling pushed Bitcoin spot ETFs to cumulative outflows of $3.45 billion, driving the asset to its lowest price in two months below $69,000. The sell-off triggered approximately $742 million in leveraged position liquidations, amplifying downward pressure. Analysts point to materially softer demand signals both on-chain and among institutional players, with declining transaction volumes and reduced wallet activity suggesting retail interest is also fading. The combination of weakening spot demand, ETF redemptions, and forced liquidations marks one of the more sustained pullbacks since Bitcoin approached its all-time high earlier in the cycle. Traders are watching key support levels to determine whether the drawdown represents a temporary correction or a broader shift in market sentiment.
— Sponsored —
Trade smarter on BYDFI
Get a bonus on your first deposit — from $50 at $100, up to $2,000 at $20k. 200x leverage, 600+ perpetuals, deep liquidity.