Bitcoin ETF outflows combined with weak spot demand are weighing on the market
U.S. Bitcoin ETFs recorded cumulative outflows of $969 million over five trading days, with the metric declining by $766 million in one week. Over the past year, only 15% of trading days have seen this level or lower. Meanwhile, the Coinbase Premium stood at -0.14% and has remained negative for 70 consecutive days, one of its lowest readings over the past year, signaling weak demand in the U.S. spot market. Analysts say the two indicators together support the view that the market will continue to correct; that view would change only if both fund flows and spot demand turn positive. The article noted that a similar combination last occurred on July 2, 2026, when Bitcoin was priced at $61,560; one month later, its price had risen by 2.1%.
U.S. Bitcoin ETFs recorded cumulative outflows of $969 million over five trading days, with the metric declining by $766 million in one week. Over the past year, only 15% of trading days have seen this level or lower. Meanwhile, the Coinbase Premium stood at -0.14% and has remained negative for 70 consecutive days, one of its lowest readings over the past year, signaling weak demand in the U.S. spot market. Analysts say the two indicators together support the view that the market will continue to correct; that view would change only if both fund flows and spot demand turn positive. The article noted that a similar combination last occurred on July 2, 2026, when Bitcoin was priced at $61,560; one month later, its price had risen by 2.1%.