Bitcoin ETFs See Near-Record Withdrawals Amid 2.3% Price Dip:
●Massive Outflows as BTC Drops:
On Jan. 8, U.S. spot Bitcoin ETFs faced $569.1 million in outflows, marking the second-largest single-day withdrawal since their inception. The Fidelity Wise Origin Bitcoin Fund led the exodus, with $258.7 million pulled—its largest one-day outflow, per Farside data.
●Market Pressure and Liquidations:
Bitcoin’s drop below $100,000 triggered $521 million in liquidations over 24 hours, as the price briefly touched $92,500. Analysts, including Ryan Lee of Bitget Research, attribute the slump to concerns over potential U.S. Federal Reserve rate hikes driven by strong economic indicators.
Despite the dip, sentiment remains bullish, with the Crypto Fear & Greed Index at 69, indicating “Greed,” though down from last month’s “Extreme Greed” score of 78. As of writing, Bitcoin trades at $94,401, per CoinMarketCap.
●A Turbulent Start to 2025
Bitcoin’s early-year volatility persists, with prices ranging between $102,500 and $92,500. “This year has started undecisively,” noted Daan Crypto Trades, highlighting the lack of clear directional momentum.