Spot bitcoin exchange-traded funds are experiencing their largest weekly investor exodus to date, with $651 million in net outflows recorded so far this week, according to data from SoSoValue.
The capital flight coincides with a sharp deterioration in the underlying asset's price, as bitcoin futures plunged to $58,995 on Thursday.
The breakdown below the $60,000 psychological threshold has triggered further technical selling pressure, with traders moving to reduce exposure amid widening volatility.
This level marks the cryptocurrency's lowest valuation since October 2024, extending its decline from 2025 peaks by approximately 52 percent.
The synchronized sell-off in both the spot ETF market and the futures market signals a broad loss of confidence among institutional and retail participants.
The breakdown below the $60,000 psychological threshold has triggered further technical selling pressure, with traders moving to reduce exposure amid widening volatility.
The scale of the weekly outflow suggests that the recent price action is not merely a short-term correction but a more structural repricing of risk in the digital asset class.