🟠 Bitcoin ETFs lose $825 million in 5 days — the USA has become the main seller of BTC
Institutional investors did not go on holiday. While the market awaited the Christmas lull, Bitcoin ETFs continued to secure positions, and the USA became the main source of pressure on the price.
📊 Key Facts
• Outflow from Bitcoin ETF on Christmas Eve amounted to $175M
• Net outflow of $825.7M over the last 5 trading days
• From December 15th, almost all days close in the red, except for December 17th (+$457M)
• Coinbase Premium remains negative throughout December: the US is selling, Asia is accumulating
Current market dynamics are simple: American capital is exiting, Asian capital is buying.
💣 Why this is not a crash
The main part of the sales is not related to panic, but to:
• tax optimization
• portfolio rebalancing
• positioning ahead of quarterly options expiration
These flows are mechanical and temporary. As calendar pressure disappears, liquidity usually returns.
Important: historically, outflows from ETFs do not coincide with the final price peak. More often, price stabilization occurs first, then flow normalization, and only afterward do purchases resume.
🧠 Output
The US temporarily acts as the largest seller of Bitcoin — this is what is holding back the price. But this is not about weakness of the asset, but about a temporary liquidity pause. The return of American demand usually happens abruptly and without prior signals. Such phases rarely last long and often end with an impulse move.