Bitcoin ETFs See $635M Outflow, Highest Since January 29

Spot bitcoin ETFs saw $635 million in net outflows on Wednesday, the highest single-day withdrawal since January 29, according to data from SoSoValue. The outflows extended a five-day losing streak, with total net outflows reaching $1.26 billion over the period. This has pulled cumulative net inflows since the ETFs' launch in January 2024 down to $58.5 billion from $59.76 billion a week ago.

The sudden reversal in ETF flows removes a key tailwind that had helped push bitcoin above $80,000 in recent weeks. After pulling in $3.29 billion in March and April combined, the funds are now leaking capital at an accelerating pace. For crypto traders, ETF flows have become a closely watched indicator of institutional demand. Sustained outflows could signal waning confidence among larger investors, potentially adding downward pressure on bitcoin's price. Traders can monitor these real-time flow changes on NowPrice's live crypto dashboard to gauge market sentiment.

Looking ahead, the key question is whether this outflow trend will persist. If outflows continue at this pace, bitcoin could test support levels below $80,000. Traders will also watch for any macroeconomic catalysts, such as shifts in Fed policy or risk appetite, that could reverse the flow. The coming days will be critical in determining whether this is a temporary pullback or the start of a broader trend.