The U.S. Bitcoin ETF faces the longest capital outflow, with $5.5 billion fleeing over five weeks!
The Bitcoin ETF is facing a wave of sell-offs, with outflows on February 25 reaching a record high since its launch, exceeding $1 billion. The price of Bitcoin has fallen more than $20,000 from its historical peak
The uncertainty triggered by Trump is dominating market trends, leading to a wave of sell-offs in Bitcoin ETFs.
Data shows that Bitcoin ETFs have experienced capital outflows for five consecutive weeks since February 10, totaling over $5.5 billion, setting a record for the longest outflow. On February 25, the outflow reached a peak since issuance, exceeding $1 billion.
As of the time of writing, Bitcoin has fallen from its historical high of $106,490 to $83,189, a decline of over $20,000 that mirrors the ETF capital flows, further reflecting a sharp deterioration in market sentiment.
Although Bitcoin supporters still believe in its long-term value, the short-term uncertainty undoubtedly puts pressure on the market. While the Trump administration has proposed friendly policies towards the crypto industry, such as establishing a digital asset reserve, these positive factors are overshadowed by the trade war it has initiated.
Greg Magadini, director of the crypto derivatives analysis company Amberdata, pointed out in a report:
Bitcoin and the overall cryptocurrency market are still driven by macro conditions. In the short term, I do not believe Bitcoin will show a significant divergence from the trends of risk assets.
This professional opinion further confirms the prevailing view in the market: In the current environment, the influence of macro policies far outweighs the Trump administration's supportive stance on cryptocurrencies, and the risk-averse sentiment triggered by the trade war has become a key factor dominating the market