Bitcoin Down to $76K after Three Days of ETF Withdrawals
Quick overview
- Bitcoin (BTC) is nearing $75,000, having lost 4% of its value over the past three days due to decreased institutional demand.
- Recent reports indicate a significant outflow of $137.77 million from Bitcoin spot ETFs, marking three consecutive days of withdrawals.
- The Federal Reserve's decision to maintain interest rates has contributed to a lack of upward momentum for Bitcoin.
- Despite a 14% increase in the last 30 days, Bitcoin's overall trajectory for 2026 appears bearish, with potential support around $70,000.
Bitcoin (BTC) is nearing $75,000 and losing ground quickly after three consecutive days of withdrawals were reported for spot Exchange Traded Funds (ETFs).
Now at $76,303 (BTC/USD), the Bitcoin rate is in danger of hitting $75K soon since it has already lost 4% of its value over the past three days. The coin is suffering from decreased institutional demand and investor worries over the Iran conflict and a hawkish Federal Reserve.
BTC/USDThe Fed decided not to cut interest rates this week in their policy meeting, which was expected, but it also left Bitcoin without any upward momentum from that corner. Thursday’s falling oil prices and rising stock market should help the coin along, indicating that the economy is doing well for the moment, but several days of declining value for the coin point toward potential trouble.
Will Bitcoin Break Down or Rebound Now?
Thursday marked an important crossroads for the BTC rate. Will it slip further down, pushed by several negative factors and falling investors sentiment or will it rise on the bullish market and weeks of crypto support?
Institutional outflows are worth noting for investors at this point, and on Wednesday an outflow of $137.77 million was reported for Bitcoin spot ETFs. That marked the third day in a row of outflows for this Bitcoin asset, and if the coin falls again Thursday, it could mean trouble.
The BTC rate is still well below its all-time high from back in October of last year. The coin is down 39.5% from that high at the moment, and down 1.1% from the previous day. Investors need to start looking at the potential floor for Bitcoin, which could be around $70,000. Even though the BTC rate increased by 14% in the last 30 days, the overall trajectory for the coin in 2026 is bearish, with severe losses from January that have still not been recovered.
We anticipate Bitcoin to remain in a state of fluctuation as it is pulled back and forth by different factors. Until strong support is evident and there are several days of inflows, the coin is likely to vacillate between $70k and $79K.
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