February 3 News, as Bitcoin (BTC) continues to weaken, U.S. spot Bitcoin ETF investors are under significant pressure. On-chain data from Glassnode shows that the average entry price for these investors is around $84,100, while the current BTC price has fallen back to around $78,000, and over the weekend even briefly dropped below $75,000, increasing unrealized losses to 8% to 9%. For funds entering the market through compliant financial products, this retracement is testing long-term confidence.
After the price broke below the “ETF cost band,” capital flows quickly reversed. Over the past two weeks, U.S. spot Bitcoin ETFs have experienced net outflows of approximately $2.8 billion to $3 billion, with more than ten billion-dollar redemptions occurring consecutively within this period. On January 21, 29, and 30, daily net outflows reached $708 million, $818 million, and $510 million respectively, indicating selling pressure has not eased. Although there was a brief inflow of about $420 million on February 2, it was not enough to change the overall trend.
The outflows are mainly concentrated in larger products. Analyst Jamie Coutts pointed out that there is no clear sign of “buying on dips” at the moment. Institutional net demand is mostly coming from a few asset-balance sheet buyers who still have ample cash reserves, and such demand is unlikely to support a long-term price recovery.
From a macro perspective, BTC has fallen more than 35% from its peak near $126,000 in 2025. Liquidity contraction, tightening financial conditions, and the decoupling of Bitcoin from traditional safe-haven assets have left the market lacking new upward momentum. Bloomberg quoted senior analyst Sean Rose from Glassnode, saying that investors are waiting for clearer macro signals and signs of price stabilization before deciding whether to increase their holdings.
Without new capital inflows, improved liquidity, or structural positive factors, the cycle of ETF capital outflows and price declines may continue. However, the total assets of the U.S. spot Bitcoin ETF still amount to approximately $104.48 billion, indicating that a long-term capital base remains. The future direction will depend on whether market confidence can be reestablished.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Whales Accumulate Again at $71K, Santiment
Bitcoin (CRYPTO: BTC) has hovered near the $71,000 level as large holders ramp up exposure, according to Santiment’s latest weekly assessment. The analysis highlights a renewed shift by wallets that hold 10 to 10,000 BTC, which Santiment described as a bullish signal if it endures. The share of the
CryptoBreaking15m ago
Bitcoin Veteran Buys $49 Million Worth of ETH as Experts Believe ETH Nears Breakout Price Levels
Bitcoin veteran buys $49 million worth of ETH.
Experts believe ETH is nearing major breakout prices.
ETH price could surge to $2,800 if it can hit $2,400.
The crypto community basks in high spirits as the price of Bitcoin (BTC) recovers targets over the $73,000 price range. At the
CryptoNewsLand29m ago
Empery Digital Reduced 60 BTC Holdings Last Week for Stock Buyback, Total Holdings Decreased to 3,502
Gate News reported that on March 16, Nasdaq-listed bitcoin treasury company Empery Digital disclosed that it reduced holdings of 60 bitcoins last week at an average price of $70,534, bringing its total bitcoin holdings down to 3,502 bitcoins. Additionally, the company disclosed that it has spent approximately $127 million to repurchase over 212,900 shares of common stock to date. Empery Digital stated that it will continue to sell bitcoins as needed in the future to fund additional share repurchases and may repay some outstanding debt.
GateNews32m ago
Metaplanet Secures $255M to Grow Corporate Bitcoin Holdings
Tokyo-based Metaplanet has secured $255 million from global investors to build a leading corporate Bitcoin treasury. With additional potential capital of $276 million through warrants, they currently hold 35,102 BTC. The firm is also investing in digital asset infrastructure, notably partnering with JPYC Inc. to enhance Bitcoin services in Japan.
TodayqNews50m ago
"Seeking a Sword by Marking a Boat" - Style Coin Price Predictions Go Viral: The Practical Logic and Flaws of Mystical Prophecies
Author: Frank, PANews
Whenever the market enters a confusing phase of going nowhere, people try to use a "cutting the boat to seek the sword" method of historical retrospection to predict the next market movement. In such cases, people often see from these theories and charts that history always repeats itself, and seem to automatically overlay and verify future price movements with a certain period in the past.
This coincidence seems to have a magical effect and is often verified. Some bloggers claim this prediction method has an accuracy rate of 75%~80%.
Does this "cutting the boat to seek the sword" style price prediction that repeatedly goes viral on social media help the market identify stages, or is it just packaging noise as prophecy?
From "Tick Fractals" to "History Rhyming"
The peak operation regarding predictions of October 2025 market tops is an analyst named CryptoBullet, who created a method called "ti
区块客1h ago
