Bitcoin: Record $4.4B ETF Outflows Extend Streak

Bitcoin faces a historic downturn with $4.4 billion in ETF outflows, the longest streak ever, raising concerns about its market stability and future.

In an unprecedented move, Bitcoin has witnessed a staggering **$4.4 billion** in ETF outflows this week, marking the longest outflow streak ever recorded. With approximately **50%** of Bitcoin's supply currently underwater—echoing conditions not seen since November 2022—the implications for this leading cryptocurrency are profound. What Does This Mean for Bitcoin's Future? The record outflows signal a turbulent time for Bitcoin ETFs, reflecting broader market sentiments that have been impacted by multiple factors, including a significant pullback in the AI industry. As liquidity shifts away from crypto markets, it leaves many traders pondering the future direction of Bitcoin. Who is Still Accumulating Bitcoin? Despite the unsettling ETF trend, long-term holders (LTHs) are continuing to accumulate Bitcoin at an average price of **$65,784.5**. This indicates that while some investors may be fleeing the market, others remain confident in Bitcoin's long-term potential. Will We See an Inflow Reversal? Market prediction models are closely analyzing trends in hopes of identifying a reversal in inflows that would signal the bottom of this current downturn. With volatility persisting, many traders are keeping a keen eye on institutional movements as they look for signs of renewed confidence in Bitcoin. How Are Other Financial Instruments Performing? Additionally, Kalshi has made waves in the Bitcoin derivatives market by launching **CFTC-approved BTC perpetual contracts**, accumulating **$1 billion** in volume during its first week. This innovative product has been hailed for its potential to provide more trading opportunities and leverage for institutional players. As exchanges like Kraken and Coinbase prepare to follow suit, the influx of institutional products may influence future trading volumes in Bitcoin markets. Where Does Bitcoin Stand Technically? On the 4-hour chart, Bitcoin is trading at **$65,784.5**, bounded by the Bollinger Bands. The upper resistance is noted