U.S. Bitcoin ETFs have experienced three straight days of investor withdrawals, totaling nearly half a billion dollars.
The most significant single-day outflow reached $251 million, with Fidelity’s Wise Origin Bitcoin Fund losing $102 million and BlackRock’s iShares Bitcoin Trust shedding $22.1 million, according to Farside data.
Trading volume has also declined, with total ETF activity dropping to $2.58 billion—far below recent highs. BlackRock’s IBIT, typically among the most active U.S. ETFs, slipped to tenth place in trading rankings.
Meanwhile, Goldman Sachs’ latest filings indicate sluggish demand, as investors hesitate to take long positions.
Bitcoin itself remains in a holding pattern, fluctuating between $90,000 and its all-time high of $109,000. With continued ETF outflows and weak buying pressure, traders are watching for signs of renewed momentum.
Billionaire investor Ray Dalio, founder of Bridgewater Associates, has suggested that a balanced investment portfolio should include up to 15% allocation to gold or Bitcoin, though he remains personally more inclined toward the traditional asset.
With Bitcoin hovering near $119,000, traders are weighing their next move carefully. The question dominating the market now is simple: Buy the dip or wait for a cleaner setup?
Bitcoin has officially reached the $116,000 milestone, a level previously forecasted by crypto services firm Matrixport using its proprietary seasonal modeling.
Bitcoin’s market signal has officially shifted back into a low-risk phase, according to a new chart shared by Bitcoin Vector in collaboration with Glassnode and Swissblock.