Bitcoin ETFs Experience Major Outflows Amidst Price Surge and Potential Bull Run

Bitcoin’s price is surging towards $90,000 despite massive outflows from Bitcoin spot ETFs, totaling over $4.8 billion. Analysts indicate that these outflows may not significantly impact market stability, as Bitcoin’s overall trading volume remains robust. Additionally, historical on-chain indicators hint at a possible transition from bearish to bullish trends, akin to prior market cycles from 2018 to 2025.

Bitcoin has recently experienced a steady price escalation, currently trading at $87,361, reflecting a 3.4% surge within a single day. This recovery has seen it reclaim losses from a prior correction phase, approaching the significant psychological level of $90,000. Despite this price rebound, the overall sentiment in the Bitcoin market appears complicated, with substantial ETF outflows suggesting misalignment between institutional trading and current price trends.

Notably, recent data from CryptoQuant, supplied by analyst Darkfost, indicates that Bitcoin spot ETFs have faced record outflows, totalling over $4.8 billion since witnessing their peak inflow. This unprecedented drawdown points towards a change in institutional investment behaviour; however, Bitcoin’s price appears resilient, showing minimal reaction to these outflows. Currently, ETF trading volumes represent approximately 1.5% of the overall trading volume across spot and futures markets, indicating that while significant, ETF outflows may not substantially impact the larger market liquidity.

Additional analysis by another CryptoQuant analyst, BilalHuseynov, suggests a potential cyclical pattern in Bitcoin’s price movements, drawing parallels with historic market trends observed between 2018 and 2025. His observations highlight that Bitcoin’s recent performance may echo the recovery trajectory typical at the conclusion of bear markets. Recognising this historical context, he suggested that a shift from bearish to bullish sentiment could be underway. However, he also cautioned that external economic factors could still influence market dynamics, albeit historical trends may provide valuable insights into potential future movements.