Bitcoin ETF Outflows Hit $1.44B as BlackRock’s IBIT Faces Heavy Selling

Bitcoin ETF outflows are raising fresh concerns about institutional demand, even as fear spreads across crypto markets. U.S. spot funds have recorded five consecutive days of withdrawals, losing approximately $1.44 billion. BlackRock’s IBIT is carrying most of the selling pressure. Yet some investors are still buying, complicating the bearish picture.

Bitcoin Fear Doesn’t Automatically Signal a Bear Market

On-chain analyst Willy Woo argues that fear alone doesn’t confirm a bearish market cycle. He points to historical patterns suggesting fear becomes a genuine bear-market signal when prices continue printing new lows.

The Bitcoin Fear and Greed Index has moved from greed into fear territory. Woo considers this sentiment shift a potential buying opportunity rather than an immediate warning.

However, Santiment data tells a less encouraging story. Bearish comments currently outnumber bullish ones for BTC, ETH, and XRP. Wall Street’s fear gauge has also spiked following a sharp Nasdaq selloff.

BlackRock’s IBIT Dominates Recent ETF Selling Pressure

The latest withdrawals show how concentrated institutional selling has become. Wednesday alone saw $299.8 million leave U.S. spot funds, with IBIT accounting for $269.7 million.