Bitcoin slid hard over the weekend and stayed low into Monday, leaving traders on edge and pushing many to reduce risk.<\/p>\n
Prices slipped<\/a> from roughly $84,000 to about $74,600 in a matter of days, a drop that erased a chunk of recent gains and forced quick reassessments across markets.<\/p>\n Nervousness around Federal Reserve leadership<\/a>, rising job worries, and fresh geopolitical flashpoints all piled up at once.<\/p>\n According to Coinglass, the combined assets of US spot Bitcoin ETFs<\/a> sit near $113 billion, while reports note they hold around 1.28 million BTC.<\/p>\n Based on those figures, the typical ETF buying price works out to an average of roughly $87,830 per coin \u2014 well above current trading levels.<\/p>\n That gap means many ETF positions are showing losses on paper right now. Some funds kept buying earlier and are holding positions that are underwater.<\/p>\n BTC is trading below the U.S. ETFs avg cost basis after the 2nd & 3rd biggest outflow weeks ever (last week and week before)<\/p>\n (and last week\u2019s outflow will increase after IBIT reports friday\u2019s numbers tomorrow)<\/p>\n this means the average bitcoin ETF purchase is underwater pic.twitter.com\/XowzrnBaSM<\/a><\/p>\n \u2014 Alex Thorn (@intangiblecoins) February 2, 2026<\/a><\/p>\n\n Over the last two weeks, investors pulled close to $3 billion from the 11 spot ETFs, with one week seeing $1.50 billion leave and the prior week $1.30 billion, according to CoinGlass<\/a>.<\/p>\n Those moves suggest some market participants are locking in gains or cutting exposure after the recent run-up.<\/p>\n At the same time, cumulative ETF inflows remain materially lower than earlier peaks; buying has not fully come back even as some holders remain steady.<\/p>\n Technical Signals And Bear Fears<\/p>\n Reports note that spot BTC is down roughly 40% from its October peak while ETF AUM has fallen by about 31%. That divergence has analysts warning that sustained weak demand could push Bitcoin into a deeper downtrend.<\/p>\n Technical charts show longer-term sell pressure building in certain measures. If demand fails to reappear, momentum could carry prices lower and extend selling across crypto markets.<\/p>\n Policy, Politics, And Market Mood<\/p>\nAverage ETF Price Above Market<\/h2>\n
Outflows Pick Up<\/h2>\n