$BTC Bitcoin price nears the $70,000 mark on Thursday, erasing all gains since Trump won the US presidential election.
US-listed spot ETFs record a second consecutive day of outflows, signaling further weakness.
Traders’ focus shifts to Strategy’s earnings report, with attention to any updates on its Bitcoin holdings and balance-sheet exposure amid the recent price decline.
Total Bitcoin spot ETF net inflow chart. Source: So SoValue
In addition, CryptoQuant’s weekly report on Wednesday highlighted that institutional demand for BTC has reversed materially. At this time last year, these ETFs had purchased 46,000 BTC on a net basis, contributing to Bitcoin demand growth. However, ETFs have been net sellers of Bitcoin so far in 2026, reducing their holdings by 10,600 BTC, leaving a 56,000 BTC gap versus last year. This has led to lower demand and greater selling pressure.
Bitcoin remains the benchmark for crypto sentiment and trend direction.
➡ Short-term ho volatility is likely while BTC trades near key support.
➡ If institutional flow increases and macro conditions improve, $150K+ targets could come into view.