Bitcoin near $60,000 today vs February: ETF flows tell a different story
Summary
Bitcoin has returned to around $60,000, but institutional behavior is now much more bearish than in February. U.S.-listed spot bitcoin ETFs recorded $1.72 billion in net outflows last week, the largest weekly redemption in over a year, and outflows have increased for four straight weeks. In February, when bitcoin fell near $60,000, ETF selling eased and buyers appeared. This time, selling has accelerated as price declined, suggesting institutions are actively reducing exposure rather than defending support. The pattern points to weaker confidence in bitcoin at this level and raises doubt that $60,000 can hold.
