Bitcoin ETF Outflows Surge to $49.8M as BTC Crashes to $63,000 – 10% Correction Sparks Alarms

Warning: The Bitcoin bull run is hitting a major speed bump. US-listed spot Bitcoin ETFs suffered $49.8 million in net outflows for a fourth straight day, as the flagship cryptocurrency plunged to $63,000, marking a swift 10% correction that is rattling even the most bullish investors. This outflow streak, following a historic inflow run, signals growing fear and profit-taking as the market digests the sudden downturn. The price slide to $63,000 has triggered stop-losses and raised questions about short-term support levels, but savvy traders see this volatility as a classic shakeout before the next leg higher.

Four-day outflow streak persists

Data from digital asset analytics platform SoSoValue shows that net outflows over the past four sessions reached $526 million. The largest outflows occurred on July 24 and July 23, tallying $240 million and $225 million, respectively.

Despite this, cumulative net inflows since launch remained strong, totaling $51.3 billion. As of July 28, total net assets across all US spot Bitcoin ETFs stood at $77.2 billion.

Recent volatility after inflow streak

The recent wave of outflows follows a seven-day period of steady inflows that brought nearly $1 billion into Bitcoin ETFs. This shift underlines renewed volatility in digital asset markets, especially as Bitcoin failed to hold above the $65,000 mark.

CryptoQuant community analyst Darkfost indicated that a recovery to a bullish phase for Bitcoin may hinge on stronger demand and an improvement in overall market sentiment. According to Darkfost, Bitcoin’s spot trading volumes across major exchanges, including Binance, have dropped significantly compared with earlier in the year.

He noted that Binance, one of the world’s largest cryptocurrency exchanges, reported approximately $35 billion in July spot volume. This is sharply lower than the $246 billion recorded in November 2024.

Mini dictionary: SoSoValue, a digital asset analytics firm, tracks flows, holdings, and performance metrics for cryptocurrency exchange-traded funds.

Bitcoin’s return to a bullish trend would depend on renewed demand and improving market conditions, according to CryptoQuant analyst Darkfost, who pointed to a decline in spot volumes since late 2024.

Bitcoin price trends

Bitcoin traded at $64,371 at the time of publication, registering a 2.7% gain over the past seven days, according to data from CoinGecko. During Thursday’s session, Bitcoin briefly fell to $63,100, its lowest level since July 17.

The recent price drop coincided with broader financial market turbulence, including a sharp decline in major Asian chip stocks that also affected Wall Street sentiment.