Flows to Bitcoin ETFs Turn Negative Again After a Series of Nine Positive Sessions

After an impressive series of nine consecutive positive sessions, U.S. spot Bitcoin ETFs sharply reversed trend this Monday. Capital outflows reached 263 million dollars in a single day. Bitcoin, unable to break the symbolic 80,000 $ barrier, fell below 77,000 $. Is the bullish momentum truly broken? 

The Streak Ends, 263 Million Dollars Leave Bitcoin ETFs in One Day

For nine consecutive days, U.S. listed spot Bitcoin ETFs had attracted a continuous flow of capital. In total, 2.1 billion dollars had flowed into these products since April 13, according to SoSoValue data. Over the same period, Bitcoin rose about 10%, pushing institutional appetite to its highest level in weeks.

On Monday, everything abruptly stopped. Bitcoin ETFs experienced 263 million dollars in net outflows, their first since mid-April. The Fidelity Wise Origin Bitcoin Fund (FBTC) ETF bears most of the pain, with 150 million dollars in withdrawals. 

The Grayscale Bitcoin Trust (GBTC) and ARK 21Shares Bitcoin ETF (ARKB) follow, with outflows of 47 and 43 million dollars respectively. Note: BlackRock (IBIT) and Morgan Stanley (MSBT) ETFs showed stable flows, confirming their status as favored vehicles by large institutions.

This difficult day also impacted spot Ether ETFs, which lost 50.5 million dollars. XRP and Solana products, meanwhile, attracted no inflows.

A Rejection at 80,000 $ That Raises Questions, but No Panic

Behind these figures lies an important technical signal. Bitcoin failed to break the 80,000 dollar threshold in its last attempt. For CryptoQuant, this rejection is significant: it would indicate an excess supply at this level, likely to prolong the correction for ETF investors and short-term holders.

However, CryptoQuant’s analyst XWIN Japan tempers the concern. According to him, the recent drop is not related to a fundamental imbalance between supply and demand. Rather, it would be explained by a “classic liquidity event,” forced liquidations of leveraged long positions. In other words, the market is cleansing itself, not necessarily collapsing.

The fear and greed index well illustrates this ambivalence. On Monday, it had briefly reached 47, returning for the first time in three months to the “neutral” zone. By Tuesday, it dropped back into the “fear” territory.

On the fundamentals, the institutional dynamic remains strong. In April, Michael Saylor’s strategy alone absorbed 56,235 BTC. Global ETFs added another 34,552 BTC. Against this, miners produced only about 11,829 BTC over the same period. Demand crushes supply, and no liquidation wipes that away.

A pause, not a break. Institutional fundamentals remain in Bitcoin’s favor. But as long as the 80,000 dollar threshold holds, volatility is likely to remain present. The FOMC decision this week could well act as the referee.