{"id":140460,"date":"2026-03-07T17:30:49","date_gmt":"2026-03-07T17:30:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=140460"},"modified":"2026-03-07T17:30:49","modified_gmt":"2026-03-07T17:30:49","slug":"bitcoin-etfs-bleed-349m-in-a-day-as-whales-dump-small-buyers-step-in-analysts","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=140460","title":{"rendered":"Bitcoin ETFs Bleed $349M In A Day As Whales Dump, Small Buyers Step In: Analysts"},"content":{"rendered":"

Spot Bitcoin ETFs listed in the US recorded their steepest single-day outflow in nearly three weeks on Friday, with $349 million pulled from all 11 products combined, according to data from Farside<\/a>.<\/p>\n

The withdrawals came as Bitcoin<\/a> slid back toward $68,000 after briefly touching $74,000 earlier in the week \u2014 a run-up that, based on on-chain data, appears to have been the trigger for a significant wave of selling by large holders.<\/p>\n

Big Holders Bought Low, Then Sold Fast<\/h2>\n

Crypto analytics platform Santiment<\/a> tracked the behavior of wallets holding between 10 and 10,000 Bitcoin \u2014 a group commonly referred to as whales \u2014 and found they had been building positions aggressively between Feb. 23 and March 3, when prices were stuck in the $62,900 to $69,600 range.<\/p>\n

Once Bitcoin crossed $74,000 on Wednesday, those same wallets began offloading. By Friday, roughly 66% of what they had accumulated over that 10-day window had been sold back into the market.<\/p>\n

Smaller investors moved in the opposite direction. Wallets holding less than 0.01 Bitcoin \u2014 the retail end of the market \u2014 have been adding to their positions as prices fell.<\/p>\n

According to Santiment, that kind of divergence between large and small holders has historically pointed to more downside ahead.<\/p>\n

\u201cWhen retail buys while whales sell, it typically signals that the correction is not yet over,\u201d the platform said in a Friday report.<\/p>\n

Fear Gauge Drops To Its Lowest Reading In Weeks<\/h2>\n

Bitcoin\u2019s slide pushed the Crypto Fear & Greed<\/a> Index down six points to a score of 12 on Saturday, placing it deep in \u201cExtreme Fear\u201d territory. The index measures market sentiment across a range of factors including volatility, trading volume, and social media activity.<\/p>\n

Some analysts said that Bitcoin could still face another drop if buyers fail to defend the current price zone. A loss of support around the $67,000\u2013$68,000 range may trigger a move back toward recent lows to gather liquidity before any potential rebound.<\/p>\n

An Economist\u2019s Case For A $60K Floor<\/p>\n

Not everyone sees a breakdown coming. Economist Timothy Peterson pointed to the Bitcoin Price to Metcalfe Value chart \u2014 a model that measures Bitcoin\u2019s price against the estimated value of its network based on user activity \u2014 and said the $60,000 level has held as a bottom in every prior cycle.<\/p>\n

\u201cAbout 99.5% chance it stays above $60k,\u201d Peterson wrote on X.<\/p>\n

Bitcoin had already tested that level once this cycle, falling to $60,000 on Feb. 6 during a broader pullback from an all-time high of $126,000 set in October.<\/p>\n

Since then, it has managed a partial recovery, though Friday\u2019s ETF outflows and the continued whale selling suggest the market has not yet found stable footing.<\/p>\n

Featured image from Shutterstock, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Spot Bitcoin ETFs listed in the US recorded their steepest single-day outflow in nearly three weeks on Friday, with $349 million pulled from all 11 products combined, according to data from Farside. The withdrawals came as Bitcoin slid back toward $68,000 after briefly touching $74,000 earlier in the week \u2014 a run-up that, based on […]<\/p>\n","protected":false},"author":0,"featured_media":140461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-140460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/140460"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=140460"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/140460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/140461"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=140460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=140460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=140460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}