Bitcoin ETFs Lose $1B Weekly, CLARITY Act Advances, Bitcoin Depot Flags Going Concern

Bitcoin News

Spot Bitcoin exchange-traded funds posted $1 billion in net weekly outflows, snapping a six-week stretch that had pulled in roughly $3.4 billion in fresh capital. The reversal began Tuesday with $233 million in redemptions, accelerated to a $635 million single-day exit on Wednesday — the worst session of the week — and closed with another $290 million leaving on Friday. A brief Thursday rebound of $131 million did little to offset the bleed. Cumulative spot ETF net inflows now stand at $58.34 billion, with total net assets of $104.29 billion still anchoring institutional Bitcoin exposure.

The Digital Asset Market Clarity Act, known as the CLARITY Act, advanced through the Senate Banking Committee on Thursday in a 15-9 bipartisan vote. All 13 Republican members and two Democrats backed the bill, with nine Democrats voting against. The legislation aims to provide long-sought regulatory definitions for digital assets and assign clear jurisdiction between the SEC and CFTC. Coinbase shares climbed sharply as the result hit the wires, and Bitcoin briefly recovered toward $82,000 before sliding back to current levels near $78,000. The measure now heads toward a full Senate floor vote, with no firm timeline yet attached.

Crypto sentiment trackers flagged a sharp uptick in bullish chatter following the committee vote, recording roughly 1.55 bullish social media comments on Bitcoin for every bearish one. Historically, lopsided sentiment skews of this magnitude have preceded short-term reversals, prompting analysts to advise caution. White House crypto adviser Patrick Witt echoed the temperance, noting that while the vote was a major step forward, the bill still faces meaningful work before reaching a floor vote. Trader Michael van de Poppe took the opposite view, calling the legislation potentially the strongest catalyst for the next bull market the industry has seen.

Crypto ATM operator Bitcoin Depot disclosed substantial doubt about its ability to continue as a going concern in a quarterly filing submitted to the Securities and Exchange Commission. The company accrued more than $20 million in legal judgments during the fourth quarter of 2025 and reported revenue declines of $80.7 million for the three months ending March 31, alongside a $9.5 million net loss. Shares trading under the BTM ticker on the Nasdaq tumbled more than 40% over five sessions, from $5.01 to $2.93. Newly installed chief executive Alex Holmes, the former MoneyGram CEO, inherits a balance sheet under acute pressure.

Analysts pointed to an aggressive capital rotation away from crypto and toward artificial intelligence equities as the main driver behind last week's ETF outflows. Nvidia, Google and Apple all pressed toward fresh records, while AI chipmaker Cerebras surged more than 70% intraday on its public debut. Bitcoin's price structure, meanwhile, has settled into what desk research describes as a high-leverage volatility regime, with heavy short liquidity clustered between $82,400 and $82,600 and $80,000 acting as the pivotal support. Three macro themes — AI expansion, U.S.-China relations and crypto regulation — now dominate near-term directional bets.

Bitcoin Depot's troubles reflect a broader regulatory squeeze on cash-to-crypto kiosks across North America. The firm paid $1.9 million to Maine's Consumer Credit Protection Bureau in January and faces active complaints from Massachusetts, Iowa and other state-level authorities, while municipalities continue passing ordinances restricting ATM placements amid scam concerns. Canada's Spring Economic Update for 2026 proposes a countrywide ban on crypto ATMs, and similar momentum is building in several US jurisdictions. The combined pressure has compressed transaction volumes industry-wide, and operators dependent on physical kiosk fee revenue now face an existential test as compliance costs climb.

Bitcoin trades at $78,210, down 1.14% over 24 hours with a $1.56 trillion market cap. Price sits between immediate support at $77,541 and resistance at $78,799, with the next major ceiling at $80,353 and a structural floor at $75,696. An RSI reading of 48.12 leaves the asset in neutral territory, while a bearish MACD signal and sideways trend reinforce the indecisive setup. A daily close above $80,353 would reopen the path toward $82,895 and challenge the prior all-time high structure; a breakdown beneath $75,696 would invalidate the consolidation thesis and accelerate flows into the $74,000 zone.