$1.2B Left BTC ETFs This Week, but Not All is Lost for Bitcoin Price

Group 1: Bitcoin ETF Outflows - Spot Bitcoin ETFs in the United States experienced over $1.2 billion in outflows this week, marking a significant downturn for Bitcoin and digital asset products [1] - The week recorded the worst performance for Bitcoin ETFs since mid-2024, with only one inflow day noted [2] - Major contributors to the outflows included BlackRock's iShares Bitcoin Trust, which lost $268.6 million, and Fidelity's fund, which shed $67.2 million [1] Group 2: Bitcoin Price Movement - Bitcoin's price fell from just above $115,000 on Monday to a four-month low below $104,000 by Friday, a decline of $10,000 [2] - Analysts suggest that Bitcoin's next significant price movement will depend on reclaiming the $108,000–$109,000 zone, which is seen as a crucial level for confidence [5] Group 3: Retail Interest and Long-Term Holding - Charles Schwab reported that its clients now own 20% of all crypto exchange-traded products (ETPs) in the U.S., with a 90% year-on-year increase in visits to its crypto portal [3] - Despite price volatility, long-term holders of Bitcoin remain largely unfazed, with only a 2% drop in illiquid supply in Q3 and a 12% rise in liquid supply [4] - Analysts indicate that long-term accumulation of Bitcoin is ongoing, with total exchange and OTC desk supply decreasing from 4.5 million to 3.1 million BTC between 2024 and 2025 [4]