#ActiveUserImpact

The largest contributor to the outflows was Grayscale’s GBTC, which saw a net outflow of $98.35 million. Fidelity’s FBTC and BlackRock’s IBIT also recorded redemptions, with $88.24 million and $112.05 million flowing out, respectively. The widespread exits suggest that traders are either taking profits or shifting funds to other investment options amid uncertain macroeconomic conditions.

Despite the bearish sentiment, Bitcoin’s long-term fundamentals remain strong. The market is anticipating the upcoming halving event, istorically acts as a catalyst for price appreciation. Moreover, ETF inflows and outflows tend to fluctuate based on broader market conditions, meaning this downtrend may not necessarily signal a prolonged bearish phase.

In the short term, BTC needs to maintain support above $94,000 to avoid deeper corrections. A breakout above $100,000 could reignite bullish momentum, bringing Bitcoin back into an upward trend. For now, all eyes remain on ETF flows and whether institutional demand can rebound in the coming days.