The cryptocurrency market experienced a severe correction this past week, driven primarily by unprecedented capital flight from U.S. Spot Bitcoin Exchange-Traded Funds (ETFs). According to market data analyzed through Friday’s closing bell, cumulative net outflows reached a staggering $2.9 billion over the seven-day period. This substantial withdrawal pressure coincided with a dramatic downturn in Bitcoin’s price, which plummeted to $28,500, marking a new historical low for the assumed 2026 market cycle. The sell-off was widespread, with traditional investors aggressively liquidating positions across most major funds, including significant redemptions from the dominant players. Analysts point to a confluence of factors contributing to the decline, including continued hawkish stance by global central banks, unexpectedly weak macroeconomic indicators, and a wave of profit-taking initiated by institutional holders who entered the market during the initial ETF approval euphoria. The $2.9 billion figure represents the largest weekly outflow since the inception of these regulated products, signaling a profound shift in market sentiment from bullish accumulation to risk aversion.
Source: Spot Bitcoin ETF outflows total $2.9B as BTC price drops to new 2026 low
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