Damn, U.S. spot BTC ETFs have seen net outflows this year: $1.56 billion.
On October 29, they were still up $1.01 billion in net inflows for the year. In just over two weeks, the whole year’s numbers have flipped.
Here’s the breakdown: $643 million flowed out in a single day on October 30; the week before last saw $1.28 billion in outflows, and this week there have been another $644 million through Thursday. There have been 12 weeks this year with outflows exceeding $500 million in a single week. There were only 15 such weeks in all of 2025, and just 4 in 2024.
A lot of people spent this year assuming ETFs were the buyer propping things up—that whenever prices fell, someone would step in. Now it looks like that buyer is heading for the exit too.
One other number is even more striking: the total stablecoin supply has shrunk by $14.2 billion over the past 30 days, its fastest drop since June 2022. Money isn’t coming in from the sidelines, and money in the market is being converted back into fiat.
$BTC is now at 66,700. When it plunged below 70,000 on Friday, more than $1.6 billion was liquidated in 24 hours, nearly 90% of it long positions—and today the price is even lower than it was then.
Let’s wait until ETFs post positive flows for several days in a row before talking about a bottom.
#BTC #ETF #稳定币 #CryptoMarket
$BTC
On October 29, they were still up $1.01 billion in net inflows for the year. In just over two weeks, the whole year’s numbers have flipped.
Here’s the breakdown: $643 million flowed out in a single day on October 30; the week before last saw $1.28 billion in outflows, and this week there have been another $644 million through Thursday. There have been 12 weeks this year with outflows exceeding $500 million in a single week. There were only 15 such weeks in all of 2025, and just 4 in 2024.
A lot of people spent this year assuming ETFs were the buyer propping things up—that whenever prices fell, someone would step in. Now it looks like that buyer is heading for the exit too.
One other number is even more striking: the total stablecoin supply has shrunk by $14.2 billion over the past 30 days, its fastest drop since June 2022. Money isn’t coming in from the sidelines, and money in the market is being converted back into fiat.
$BTC is now at 66,700. When it plunged below 70,000 on Friday, more than $1.6 billion was liquidated in 24 hours, nearly 90% of it long positions—and today the price is even lower than it was then.
Let’s wait until ETFs post positive flows for several days in a row before talking about a bottom.
#BTC #ETF #稳定币 #CryptoMarket
$BTC