Core Insights - U.S. bitcoin exchange-traded funds (ETFs) experienced their largest weekly outflows since November, totaling a net $1.22 billion over four days, indicating a potential rebound for bitcoin [1][2] - Bitcoin's price dropped by 5% during the same period, remaining relatively unchanged since the beginning of the year [1] Group 1: ETF Outflows and Bitcoin Price - Significant ETF outflows often align with local price bottoms for bitcoin, as seen in November when a similar outflow preceded a price recovery from around $80,000 to above $90,000 [2] - Historical patterns show that heavy outflows can signal potential price rebounds, with notable instances in March 2025 and August 2024 where bitcoin prices reached local lows before recovering [2] Group 2: Investor Cost Basis - The average cost basis for ETF investors is currently at $84,099, which has served as a critical support level during previous market pullbacks, including the November decline near $80,000 [3]