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CryptoMediumUpdated×2•Originally published 19 February 2026•Updated 19 February 2026•

1 min read

Bitcoin Trades Below $70,000 Despite $53B in Cumulative ETF Net Inflows

A composite image showing Bitcoin coins, financial dashboards with charts and data, and arrows indicating capital outflow and fund withdrawal.

Spot Bitcoin ETFs in the United States recorded weekly outflows of $238 million, pushing the cryptocurrency's price below the $70,000 psychological threshold. Bitcoin is currently trading around the $68,000 level as short-term selling pressure persists across major trading platforms. However, Bloomberg analyst Eric Balchunas highlighted a broader perspective, noting that these ETFs still maintain a staggering $53 billion in cumulative net inflows. This data suggests a disconnect between long-term institutional positioning and the current 'extreme fear' driving retail withdrawals from funds like IBIT and FBTC. Analysts continue to warn of a potential price 'free fall' if Bitcoin fails to reclaim key support levels in the coming sessions. The ongoing shift reflects a deepening risk-off environment that is weighing heavily on the BTC/USD pair despite the massive underlying capital base.

3 months ago

Version History

Version 23 months ago

What changed: Added long-term context regarding cumulative net inflows ($53B) to balance the report on recent weekly outflows and price drops.

Version 13 months ago

What changed: Updated the story to reflect Bitcoin dropping below the $70,000 support level and included analyst warnings of a potential 'free fall' despite the massive scale of remaining assets under management.