Over the past 13 trading days, Bitcoin ETFs have shed $4.4 billion in net outflows — the longest such streak on record. During that same window, Bitcoin's price fell 21%, landing at $62,610. The question now is what's behind the sudden demand slump, and whether it will continue.
13 days and counting
The outflows began in late May and have now broken all previous records for consecutive days of net withdrawals from U.S.-listed Bitcoin ETFs. No single day saw a dramatic single-day exit; rather, it's been a steady drip that added up to $4.4 billion. That's roughly the equivalent of what some funds had accumulated over months.
What the price action looks like
Over the same stretch, Bitcoin lost about a fifth of its value. The $62,610 level is down sharply from highs earlier this year. The correlation is clear: ETF flows and spot price have moved in lockstep, as they often do. But correlation isn't causation, and the market is still sorting out which came first — the selling or the slide.
Where analysts disagree
There's no consensus inside the analyst community on the primary cause. Some point to macro pressures: interest rates staying higher for longer, or a shift in risk appetite. Others blame specific crypto-market dynamics, like profit-taking after a strong start to 2026, or fear around potential regulatory moves. A third camp says it's simply a rebalancing after months of inflows that pushed the market too hot. Without a clear trigger, the debate remains open.
The streak is active, meaning tomorrow's data could extend it to 14 days — or break it if buying returns. For now, fund managers are watching Bitcoin's price support around $60,000. If that holds, some analysts argue outflows could slow. If it breaks, more redemptions might follow. There's no official deadline for a reversal, but each passing day adds pressure. On Friday, the market will get the weekly commitment of traders report, which may offer more clues on who is selling. Until then, the tape keeps running.
