Liquidity drainage from ETFs isn’t stopping, and for the first time since ETFs have existed, more than 100,000 BTC have left ETF providers’ reserves.

And that’s just for 2026.

If we start from BTC’s all-time high held by these entities (October 2025), we’re at more than 160,000 BTC sold !

In terms of drawdown, this is the largest ETFs have ever experienced. It’s estimated at over $11B in losses, a historic record.

With a realized price hovering around $73,000, BTC holders now mostly find themselves holding BTC at a loss.

The bear market spares no one, not even the ETFs and the biggest players like Blackrock.

Written by Darkfost