#美国消费者物价指数发布在即 【Bitcoin ETF Massive Outflows, The Real Pressure Has Just Begun to Show】

A easily overlooked but critically important phenomenon is happening—

ETF funds are withdrawing on a large scale.

Looking at the cost side makes it clear. The ETF funds that flooded in at the October 2025 peak bought in at an average price of around $86,000. Now? Most are losing money.

What are the consequences—

Over $6 billion in spot funds have directly exited the market. The outflow scale of BTC ETFs has also hit a record since approval.

This is not just a shift in funds, but a concentrated explosion resulting from profit-taking and panic sentiment stacking together.

Interestingly, in the past two weeks, the ETF outflows have noticeably slowed, indicating that the most extreme selling pressure may have been partially absorbed by the market.

But don’t relax.

With BTC’s liquidity still relatively tight, the impact of ETFs—these "massive passive funds"—on prices will be amplified several times. In plain terms, the most important thing to watch next isn’t who is shouting bullish or bearish, but—

Will ETF funds turn around again?

It has long surpassed the status of a reference point; now it is the key factor determining the volatility range in this stage. To sense the market trend in advance, you need to understand where ETF money is flowing.