🔴 We are witnessing the largest liquidity drawdown ever recorded on ETFs.

With an average realized price around $86,000, the majority of ETF inflows that entered since the October 2025 ATH are now sitting at a loss.

💥 More than $6B has exited spot Bitcoin ETFs over the same period, marking an all-time record since their approval.

After this wave of profit-taking for some and panic-selling for others, ETF flows have started to stabilize on average over the past two weeks.

👉 With Bitcoin liquidity remaining periodically thin, the impact of ETFs becomes even more significant, making it essential to keep a close eye on ETF flows.