$BTC Liquidity Drain from Bitcoin Funds

​Bitcoin exchange-traded funds in the United States have witnessed the largest wave of withdrawals in two months, with net outflows amounting to approximately $1.72 billion over five consecutive days of redemptions. On January 23 alone, the funds recorded an outflow of $103.6 million, led by BlackRock's IBIT fund, while Fidelity's FBTC fund lost $312 million.

​This liquidity retreat does not necessarily reflect a loss of confidence in digital assets, but rather indicates a "tactical rebalancing" process. Institutional investors are taking profits following the strong rally seen in early 2026, with part of this liquidity being redirected towards traditional safe-haven assets like gold, which reached record levels above $5,000 an ounce.