Bitcoin ETFs See $649M Outflows as Long-Term Holders Accumulate

U.S. spot Bitcoin ETFs posted $649 million in net outflows on Monday, marking one of the largest single-day withdrawals since the products launched in January 2024.

The outflows came as Bitcoin traded near $67,000, with the broader crypto market under pressure from macroeconomic uncertainty and a strengthening U.S. dollar. Despite the institutional selling, on-chain data shows that long-term Bitcoin holders — addresses that have held coins for at least 155 days — continued to accumulate, adding to their positions at a steady pace. This divergence suggests that while some institutional investors are taking profits or reducing risk, long-term believers remain confident in Bitcoin's value proposition. For crypto traders, the ETF outflows are a key sentiment gauge: sustained selling could weigh on price momentum, but the accumulation by long-term holders may provide a floor. NowPrice's real-time crypto quotes show Bitcoin's current price and order book depth, helping traders monitor the tug-of-war between short-term sellers and long-term buyers.

Looking ahead, traders will watch for any shift in ETF flow trends, as well as macroeconomic data such as U.S. jobless claims and Federal Reserve commentary that could influence risk appetite. The behavior of long-term holders will also be critical — if they begin to distribute, it could signal a top, but continued accumulation suggests confidence in further upside.