$2.9B Bitcoin ETF Outflow, Bearish Futures Data Project More BTC Downside

According to Cointelegraph.com, Bitcoin slid below $73,000 after briefly retesting $79,500, a downturn that mirrored a decline in the tech-heavy Nasdaq tied to a weak sales outlook from AMD and disappointing U.S. employment data, while spot ETFs recorded over $2.9 billion in outflows across twelve trading days.

The average $243 million daily net outflow from U.S.-listed Bitcoin ETFs since Jan. 16 nearly coincided with Bitcoin’s rejection at $98,000 on Jan. 14. The subsequent 26% correction over three weeks triggered $3.25 billion in liquidations for leveraged long BTC futures, wiping out leverage above 4x unless buyers added margin.

Some market participants linked recent volatility to a $19 billion liquidation on Oct. 10, 2025, after a Binance database glitch, for which the exchange paid over $283 million in compensation. BTC options metrics show professional traders hedging for further price drops: the 30-day 25% delta skew reached 13%, indicating skepticism that $72,100 is a bottom.

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