Bitcoin · Bitcoin ETF · CryptoSlate
Over a seven-day window, the funds lost $2.78 billion, representing the worst such outflow on record for Bitcoin
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The 14-day window saw $4.21 billion exit the market, while the 20-day trailing window recorded $5.42 billion in outflows, shedding 73,080 BTC.
Key facts
- The 14-day window saw $4.21 billion exit the market, while the 20-day trailing window recorded $5.42 billion in outflows, shedding 73,080 BTC
- Furthermore, since Bitcoin traded at $63,000 in March 2024, spot ETFs absorbed an additional 509,102 BTC, while Strategy acquired another 650,706 BTC
- Ki Young Ju broke down the math to illustrate the scale of this absorption: Since January 2023, Strategy (formerly MicroStrategy) bought 711,206 BTC and sold only 32, effectively locking up 711,174
- According to Alphractal, short sellers have stacked more than $6.3 billion in sensitive liquidation triggers between 15% and 32% above the current spot price
Summary
01 Bitcoin is under heavy spot-market selling from ETFs, miners, and short-term traders, pushing price toward $60,000. 02 That selling has drained demand and flipped derivatives into a record short-heavy setup that could fuel a squeeze. 03 The key risk is whether fresh selling continues, or a pause triggers forced buying from crowded shorts. Bitcoin is enduring a multi-front assault on its spot market liquidity as exchange-traded funds, short-term speculators, and cryptocurrency miners simultaneously distribute assets. This coordinated selling pressure has drained market demand at the fastest pace since the 2022 collapse of the Terra/Luna ecosystem.