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In the United States, spot Bitcoin 
$78,298 ETFs recorded net outflows for six consecutive days. The $937 million outflow on Tuesday marked the highest daily loss in the history of these funds. Billions of dollars withdrawn from ETFs led to significant fluctuations in Bitcoin prices, while the cautious stance of institutional investors further deepened market uncertainty.
Institutional Investors Steer Clear of ETFs
The outflows from Bitcoin ETFs have intensified pressures in the market. Velte Lunde, Head of K33 Research, noted that 69% of the ETF trading days in February experienced net outflows. Major fund managers like Fidelity and BlackRock withdrew substantial sums from their ETFs, with Fidelity’s FBTC fund showing a $344 million exit and BlackRock’s IBIT fund $144 million. Weekly, a total of $1.7 billion was pulled from ETFs and ETPs.
The reduction of risks by large investors in ETFs indicates a more cautious approach across the market. As uncertainty grows, Bitcoin prices have dropped below critical support levels.
Increased Bitcoin Inflows into Exchanges
CryptoQuant analyst Amr Taha stated that trading activity in Bitcoin exchanges has notably increased. The consumer confidence data released in the U.S. dropped to an eight-month low, prompting investors to adopt a cautious stance.
The rise in Bitcoin moving to exchanges signals that major investors may be preparing to sell. The current price movements of Bitcoin are creating substantial volatility in the market, and the significant outflows from ETFs suggest that this activity will persist.
Arthur Hayes, co-founder of BitMEX, remarked that if the budget proposal by former U.S. President Donald Trump is not approved, Bitcoin prices could revert to the $70,000-$75,000 range. According to Hayes, political developments may play a critical role in Bitcoin’s future movements.
