Bitcoin ETF Outflows: Price Below Cost
BTC/USDT
$37,008,954,820.63
$79,360.00 / $74,604.00
Change: $4,756.00 (6.37%)
-0.0037%
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Contents
Bitcoin is trading below the average cost basis of US spot Bitcoin ETFs. According to Galaxy Research president Alex Thorn, ETFs recorded their second and third largest outflow weeks last month. The total assets under management of US Bitcoin ETFs is approximately 113 billion dollars, holding 1.28 million BTC with an average cost basis of about 87.830 dollars/BTC. BTC price fell from 84,000 dollars on Saturday to 74,600 dollars at the start of Monday, experiencing an 11% drop. Thorn noted that the average ETF purchase is in the loss zone.
Bitcoin ETF outflows are being seen. Source: Alex Thorn
Eleven spot BTC ETFs saw a total outflow of 2.8 billion dollars in the last two weeks; 1.49 billion last week, 1.32 billion the previous week (CoinGlass data). The total assets under management of US spot Bitcoin ETFs declined by 31.5% from the October peak of 165 billion dollars; BTC price fell by 40%.
Meaning of BTC ETF Outflows and Current Developments
Thorn stated that institutional investors are resilient, with ETF cumulative inflows having decreased by only 12% from the peak, while BTC has declined by 38%. Breaking news: Bitcoin has fallen below MicroStrategy's cost basis (76,037$) for the first time since October 2023. Additionally, it has dropped below 80,000 dollars for the first time since April 2025, with market pressure increasing (Cointelegraph).
- Total Outflow: 2.8 billion dollars (last 2 weeks)
- Average Cost: 87.830 USD/BTC
- Current Price: 78.415 USD (+1.33% 24h)
Critical Support and Resistance Levels for BTC
RSI 28.91 (oversold), downtrend, Supertrend bearish. EMA 20: 86.393 USD.
- Supports: S1 74.604 USD (strong, -5.13%), S2 77.489 USD (medium)
- Resistances: R1 79.396 USD (strong, +0.96%), R2 83.548 USD (strong)
LVRG Research director Nick Ruck stated that BTC has dropped to 76,000 dollars and carries bear market risk if demand does not recover.
Why Are BTC ETF Outflows Important?
These outflows are testing institutional confidence, but cumulative inflows remain resilient. If price breaks the 74K support, a deeper decline is possible.
Frequently Asked Questions About BTC
How much have BTC ETF outflows been?
2.8 billion dollars in the last two weeks.
Has Bitcoin broken MicroStrategy's cost basis?
Yes, it has fallen below 76.037 USD for the first time since October 2023.
Where is the strongest support for BTC?
74.604 USD (S1, score 74/100).