5 Consecutive Weeks of Outflows in BTC Spot ETFs
US spot Bitcoin (BTC detailed analysis) ETFs recorded net outflows for five consecutive weeks, with investors withdrawing approximately $3.8 billion during this period. According to SoSoValue data, the last week saw a net outflow of $315.9 million, with the largest withdrawal occurring in the week of January 30 at $1.49 billion. Despite an $88 million inflow on Friday, the weekly total remained negative, with notable withdrawals including over $410 million on February 12. Total net inflows reached $54.01 billion, net asset value hit $85.31 billion, and it represented approximately 6.3% of BTC’s market capitalization.
Spot Bitcoin ETFs see outflows for five consecutive weeks. Source: SoSoValue
ETH ETFs and Macro Pressures
Spot Ether (ETH) ETFs also faced continuous selling pressure over the last five weeks, closing the last week with a net outflow of $123.4 million. Kronos Research Chief Investment Officer Vincent Liu stated that the outflows stem from risk reduction moves in institutional portfolios due to geopolitical tensions and macro uncertainties.
Ether ETFs also see weekly outflows. Source: SoSoValue
BTC Technical Outlook and Institutional Accumulation
BTC price at 68.151 USD, 24h change -0.09%, RSI 37.95 (oversold signal), showing downtrend and bearish Supertrend. Resistance above EMA20: 71.021 USD. Strong supports: 64.546 USD (S1, 5.41% distance) and 60.000 USD (S2). Resistances: 68.413 USD (R1) and 71.002 USD (R2). Despite this, institutional buyers are accumulating BTC; even as Google searches for ‘Will Bitcoin go to zero?’ increase, quantum security will arrive in 7 years with the BIP-360 proposal. ETF outflows are due to macro risks, but BTC futures may signal recovery.
Source: https://en.coinotag.com/btc-spot-etfs-break-5-week-outflow-record