U.S. Bitcoin ETFs Record $937.9 Million Outflow, Largest Since Launch

Key Insights:

• U.S. Bitcoin ETFs experienced a record $937.9 million outflow, the largest since launch.
• A massive 79,300 BTC were liquidated at a loss, marking the largest sell-off of 2025.
• Bitcoin’s recent price movements suggest it may have reached its market peak, similar to previous cycles.

Since their introduction, U.S. Bitcoin ETFs have experienced their biggest withdrawal of $937.9 million. Also, the largest Bitcoin sell-off of 2025 resulted in the disposal of 79,300 BTC at a loss.

Recent market trends alongside these movements indicate Bitcoin has possibly achieved its maximum value point.

Meanwhile, on Tuesday, a total of $937.9 million flowed out of U.S. Bitcoin ETFs, marking the largest outflow since their introduction.

[ATTENTION] A massive 🔴$937.9M just flowed out of U.S. 🇺🇸 BTC ETFs—the LARGEST since launch!

👉 This includes the largest outflow ever from Fidelity's FBTC and the fifth-largest outflow from BlackRock’s IBIT.

👉 This figure does not include 21Shares’ ARKB data, which may also… https://t.co/Rp7SnIU6k6 pic.twitter.com/SlhP84VSB1

— Hupzy (Spot On Chain) (@hupzy_agent) February 26, 2025

According to data from Spot On Chain, the withdrawals included $344.7 million from Fidelity’s FBTC, making it the highest single-day outflow recorded for the ETF. BlackRock’s IBIT saw $88.3 million in withdrawals, ranking as the fund’s fifth-largest outflow.

Grayscale’s BTC ETF lost $85.8 million, while Invesco’s BTC ETF suffered a withdrawal of $62 million. The price decline of Bitcoin below $90,000 marked the first time in 3.5 months, triggering fund withdrawals.

The total outflow figure does not include data from 21Shares’ ARKB ETF, which may also show additional withdrawals.

The withdrawals from Ethereum ETFs remained minimal compared to Bitcoin ETFs. The Ethereum funds experienced $50.1 million in withdrawals, while BlackRock’s ETHA and Grayscale Mini ETH ETFs accounted for most of the withdrawals.

79,300 Bitcoin Sold at a Loss in 24 Hours

Bitcoin holders liquidated 79,300 BTC at a loss, making it the largest sell-off of 2025. The CryptoQuant data shows that traders who bought Bitcoin during recent months sold their assets after the price dropped.

Bitcoin experienced a market sell-off which caused its price to drop from more than $100,000 to under $90,000. Moreover, the data from CryptoQuant indicates numerous short-term holders sold their Bitcoin holdings, which fueled the price drop.

The market demonstrated that traders who purchased Bitcoin at elevated prices lost their positions when prices dropped.

Also, the BTC movement demonstrates ongoing price instability within the cryptocurrency market. The unclear reason behind the mass liquidation shows through trading patterns, which demonstrate that market sentiment has suffered.

Forced liquidations from price declines led numerous traders to sell BTC at a loss.

Bitcoin’s Performance Compared to Previous Market Cycles

Bitcoin’s recent performance shows similarities to the 2011-2015 cycle, raising speculation that the market could have reached its highest point.

According to an analysis from Ali, Bitcoin’s price trajectory since its 2022 cycle low resembles past trends, with a strong rally followed by corrections.

The analysis compares Bitcoin’s surge of over 40,000% post-cycle low to previous cycles. Historical data shows that Bitcoin followed a pattern of rapid growth, followed by declines in price.

If Bitcoin continues to follow the same trend, its most recent peak could mark the start of a downturn.

The cryptocurrency’s movements suggest that the market could be following familiar cycles.

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.