cryptd.in

另类 LinkedIn 适合加密人才

The $11,000 Deficit: Why the Record $8.9B Bitcoin ETF Drawdown Is Paralyzing Wall Street’s BTC Appetite

-

由

cryptd.in
于

Bitcoin is showing tentative signs of relief after reclaiming the $70,000 level. A move that haskeepingsed selling pressure following weeks of volatile trading. The recovery comes as markets continue to react to macro uncertainty and geopolitical tensions. Which have kept liquidity fragile and investor sentiment cautious. While the push above $70K offers a short-term improvement in momentum, the underlying data suggests that a significant portion of market participants remain under pressure.

According to a recent CryptoQuant report, holders of spot Bitcoin ETFs — which broadly reflect institutional and retail demand through regulated investment vehicles — are currently positioned below their estimated average realized price. Calculated at roughly $79,000, this cost basis leaves the average ETF investor holding a loss despite the recent rebound.

Treat this metric as a reference point, not as a precise measurement of individual investor behavior. ETF flows can obscure internal reallocations between participants, and the estimate cannot perfectly capture every underlying transaction within the funds. Nevertheless, it provides a useful approximation of the aggregate entry level for ETF capital.

ETF Outflows Ease After Record $8.9B Drawdown as Bitcoin Attempts Stabilization

Darkfost’s 分析 highlights the scale of the recent pressure across spot Bitcoin ETFs. With Bitcoin trading below the $70,000 threshold during much of the correction, these funds recorded the largest drawdown since their all-time high in terms of invested value. In dollar terms, more than $8.9 billion flowed out of the ETF ecosystem as investors reduced exposure during the downturn.

Bitcoin ETF Drawdown from ATH | Source: CryptoQuant

The pressure was particularly visible in the largest product in the market. BlackRock’s iShares Bitcoin Trust (IBIT), which once held more than 806,000 BTC at its peak, saw substantial withdrawals throughout the correction. According to the data, over 42,000 BTC exited the fund, reflecting a clear wave of distribution as market sentiment deteriorated and price momentum weakened.

These outflows represented a significant source of selling pressure during the decline, reinforcing the broader weakness across spot markets. When large ETFs experience withdrawals, they often need to redeem Bitcoin to meet redemptions, increasing supply on the market.

However, recent data suggests the situation may be stabilizing. The cumulative drawdown from ETF holdings has improved from roughly −$8.9 billion to around −$7.8 billion from the peak. While still negative, this shift indicates that the pace of outflows is slowing.

A renewed wave of demand from ETF investors would likely help Bitcoin establish a stronger structural base moving forward.

Bitcoin Reclaims $70K as Short-Term Momentum Improves

On the 4-hour chart, Bitcoin is showing short-term recovery momentum after pushing above the $70,000 level. Price has managed to reclaim the 50-period moving average (blue) and is now testing the 100-period moving average (green), signaling improving short-term strength after weeks of consolidation and lower highs.

BTC testing critical resistance | Source: BTCUSDT chart on TradingView

The recent move above $70K represents an important psychological shift. Throughout late February, the $69,000–$70,000 region acted as a consistent rejection zone where sellers repeatedly capped upside attempts. The latest breakout suggests that buyers are beginning to absorb that supply, at least in the short term.

However, the broader structure remains cautious. Bitcoin is still trading below the 200-period moving average (red), currently positioned near the mid-$70K range. This level continues to represent the key resistance that would need to be reclaimed to confirm a stronger trend reversal.

Volume has modestly increased during the breakout attempt, indicating renewed participation, though not yet at levels typically associated with sustained bullish expansions.

From a technical perspective, holding above $69,000 will be critical for maintaining momentum. If this level flips into support, BTC could attempt a move toward the $73,000–$75,000 region. Conversely, a failure to hold above $69K could return the price to the broader consolidation range around $66,000–$67,000.

Featured image from ChatGPT, chart from TradingView.com 

评论

发表回复

您的邮箱地址不会被公开。 必填项已用 * 标注

最新信息

热门类别

zh_CN 简体中文
zh_CN 简体中文 en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

搜索网站

热门故事

标签

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (425) #BitcoinETF (3) #itcoinFundamentals (1) # 比特币处理 (1) # 比特币价格 (5) # 比特币价格水平 (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #itcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC 收购 (1) 1TP5 看涨预测 (1) #BullishSentiment (1) #C 中国矿业 (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (73) #ogecoinGains (1) #ogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #El萨尔瓦多比特币 (1) #E以太坊 (69) #EthereumPain (1) #E以太坊价格 (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #F 财务影响 (1) #F 财务隐私 (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #L LegalAction (1) #L 法律影响 (1) #Legislation (1) #LightningNetwork (1) #M 市场分析 (3) #M 市场监测 (1) #M 市场预测 (1) #M 市场预测 (1) #M 市场投影 (1) #M 市场支持 (1) #M 市场波动性 (1) #M 婚姻 (1) #MemeCoin (5) #MemeCoins (2) #Miner 盈利能力 (1) #M 洗钱 (2) #MtGox (4) #朝鲜加密货币 (1) #诺沃格拉茨预测 (1) 1TP5价格里程碑 (1) #P 价格预测 (2) 1TP5价格问题 (1) #PriceSurge (1) #PrisonSentence (1) # 量化分析 (1) #R 监管压力 (1) #SECA Anti-Crypto (1) #ShibaInu (5) #SocialBuzz (1) #T 技术分析 (1) #Toncoin (3) #T 龙卷风现金 (3) #T 龙卷风现金发展项目 (1) #T 龙卷风现金开发者 (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

实用链接

我发现了一些有用的链接，希望与大家分享。