US Spot Bitcoin ETFs See Record Drawdown of 100,300 BTC Following Price Peak

United States spot Bitcoin ETFs have recorded their largest balance drawdown of the current market cycle, according to recent industry data. Total holdings within these investment vehicles fell by approximately 100,300 BTC, marking a significant shift in institutional positioning. This massive reduction follows the market reaching a new all-time high in early October, which likely triggered widespread profit-taking among major holders. The scale of the outflows suggests a cooling of institutional demand after the recent price surge. As ETF issuers sell underlying assets to meet redemptions, direct selling pressure is being exerted on the BTC/USD exchange rate. Market participants are now closely monitoring whether this trend signals a broader bearish reversal or a temporary consolidation phase for the digital asset.