Bitcoin Drops Below 95,000 Dollars as Spot ETFs Log Second-Largest Outflows Ever

 

Bitcoin’s slide below 95,000 dollars comes at the same moment U.S. spot Bitcoin ETFs are seeing their second-largest weekly outflows on record, creating a powerful combination of macro pressure, profit-taking, and structural selling.

This is what is actually happening across markets.

 

Bitcoin breaks below 95,000 dollars as risk appetite evaporates

Bitcoin has been drifting lower for weeks, but the latest leg down reflects broader stress across global risk markets.

• BTC recently hit a six-month low, trading near 95,800 dollars, down roughly 24 percent from its all-time high above 126,000 dollars earlier in the fall.

• A sharp selloff in major tech stocks has spilled into crypto. Falling prices in high-beta names like Tesla and Nvidia dragged the Nasdaq lower, and Bitcoin is moving in correlation.

• On several trading venues, Bitcoin briefly dipped under the 95,000 dollar level, shaken by fading expectations for a near-term Federal Reserve rate cut.

Macro sentiment is driving it. The Fed has signaled caution, and higher yields make cash and bonds more attractive relative to volatile assets like crypto. Risk capital is stepping back accordingly.

 

Spot Bitcoin ETFs suffer second-largest outflows since launch

At the same time Bitcoin’s price is weakening, spot Bitcoin ETFs are hemorrhaging capital.

Recent ETF flow data shows:

• About 1.23 billion dollars in net outflows over a single week, marking the second-largest weekly outflow since spot Bitcoin ETFs launched in early 2024.

• This reversal comes immediately after a massive 2.7 billion dollar inflow the previous week, showing how rapidly sentiment flipped.

Other analytics platforms confirm the scale:

• More than 2 billion dollars has exited spot Bitcoin ETFs over a similar seven-day stretch.

• These outflows were led by major products, including the largest U.S. Bitcoin ETFs.

Put simply, the same ETF vehicles that fueled Bitcoin’s run above 120,000 dollars are now feeding selling pressure.

 

Why ETF investors are selling

1. Profit taking after a euphoric rally

Bitcoin surged to record highs earlier in the fall. Much of that momentum was driven by strong ETF inflows and speculative leverage. When the rally stalled, ETF holders began locking in gains.

In the past month, sustained inflows flipped into a multi-day streak of heavy outflows totaling more than 2 billion dollars.

2. Macro risk-off environment

The ETF redemptions are unfolding during a broader derisking period.

• Tech stocks are sliding.

• Investors are reducing exposure to volatility.

• Falling expectations for Federal Reserve rate cuts are punishing non-yielding assets.

When institutions derisk, ETFs offer an easy way to trim exposure quickly and in size.

3. Long-term holders are selling, too

On-chain estimates show that long-term BTC holders sold roughly 815,000 BTC over the last month. That is the largest 30-day selling wave by long-term holders in close to a year.

When long-term holders sell while ETFs see redemptions, structural and tactical selling pressures align.

 

Are ETF outflows causing the price drop?

ETF outflows and price declines are interconnected, but not in a simple cause-and-effect way.

• When ETFs see inflows, issuers buy Bitcoin on the open market.

• When ETFs see redemptions, they release or sell Bitcoin, which can weigh on price.

But flows also respond to price, rather than only drive it.

During recent drawdowns, Bitcoin began falling before the biggest ETF outflow prints hit. Markets weakened first, flows followed, and the selling then reinforced the downturn.

 

The bigger picture is not entirely bearish

Despite the heavy redemptions, ETF-held Bitcoin remains historically large.

• U.S. spot Bitcoin ETFs still hold well over 130 billion dollars in assets even after the latest outflows.

• These ETFs still control a significant percentage of the circulating BTC supply.

This means institutions have not abandoned Bitcoin. They are rebalancing, not exiting.

 

What traders and investors should take away

Short-term traders

Expect higher volatility.
Key levels like 95,000, 90,000 and 85,000 dollars will become focal points for liquidations, panic selling, and sharp reversals.

ETF flow data will continue to be a powerful short-term signal. Large outflows can become self-reinforcing sell triggers.

Long-term investors

This environment looks more like a mid-cycle reset than the end of the trend.

• ETF holdings remain massive.

• Institutional allocators are still active.

• Periods of heavy outflow historically set up longer-term opportunities for patient buyers.

 

What to watch next

1. Daily spot ETF flows
   Look for stabilization or the return of small net inflows. Historically, that has coincided with market bottoms.

2. Federal Reserve tone
   Rate expectations continue to drive risk appetite.

3. On-chain behavior
   Whether long-term holders continue selling or begin accumulating again will play a crucial role.

4. Equity market sentiment
   As long as Bitcoin behaves like a high-beta tech asset, weakness in equities will spill into crypto.

 

Final thoughts

Bitcoin’s break below 95,000 dollars paired with the second-largest weekly outflow ever recorded in spot Bitcoin ETFs shows that the market is finally cooling after an overheated rally. ETF redemptions and long-term holder selling are contributing to the pressure, but they are unfolding within a broader global derisking trend.

The ETF era has not failed. If anything, this volatility highlights how deeply Bitcoin has become integrated into mainstream portfolios, where selling flows can move quickly in response to macro signals.

 

For traders, this phase demands discipline. For long-term believers, it is a reminder that institutional adoption does not eliminate corrections. It simply changes their shape and scale.

 

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