Bitcoin Etfs Bleed $1.1b As Analysts Warn Of ‘mini’ Bear Market At...
Bitcoin’s price is now at a “pivotal juncture” as the fate of the market cycle depends on incoming macro signals and maintaining key technical price levels.
US spot Bitcoin exchange-traded funds (ETFs) closed a third straight week in the red, deepening concerns that one of Bitcoin’s biggest institutional demand engines is stalling.
Spot Bitcoin (BTC) ETFs saw $1.1 billion in net negative outflows during the past trading week, marking their fourth-largest week of outflows on record, according to Farside Investors data.
The ETF outflows occurred during a significant correction, as Bitcoin’s price fell by over 9.9% during the past week, to trade at $95,740 at the time of writing, Cointelegraph data shows.
Related: Metaplanet’s Bitcoin gains fall 39% as October crash pressures corporate treasuries
The recent correction marked the first pattern of an emerging “mini” bear market, according to crypto insights platform Matrixport.
“Our data showed a market losing momentum and lacking the catalysts needed for a sustained rally,” wrote Matrixport in a Friday X post, adding:
The crypto market remains in a “pivotal juncture,” as key price levels and macro triggers will determine the next significant move, according to Matrixport.
US spot Bitcoin ETF inflows and investments from Michael Saylor’s Strategy were the main demand drivers for Bitcoin in 2025.
Related: Bitcoin ETFs bleed $866M in second-worst day on record, but some analysts still bullish
Source: CoinTelegraph
