todayonchain.com

Bitcoin ETF Investors Face 8% Losses as $3 Billion Exits Market in Two Weeks

BeInCrypto
US spot Bitcoin ETF investors are facing 8-9% unrealized losses as Bitcoin trades below their $84,100 average cost basis, leading to $3 billion in net outflows over two weeks.

Summary

US spot Bitcoin ETF investors, who typically represent stable, long-term demand, are now facing unrealized losses of approximately 8% to 9% because Bitcoin's price has slipped below their average entry point of around $84,100. This drawdown has coincided with accelerating outflows, with nearly $3 billion withdrawn from US spot Bitcoin ETFs over the past two weeks, erasing much of the early-year optimism. Heavy selling has been concentrated in major products like BlackRock's IBIT and Fidelity's FBTC. Analysts note that institutional demand is not buying the dip, suggesting that current buyers are selective and waiting for clearer macroeconomic signals or a reversal in positioning from existing holders to establish a durable bottom. The selling pressure is exacerbated by fading macro narratives that previously supported higher prices, such as expectations for dollar weakness or geopolitical risk hedges.

(Source:BeInCrypto)