Bitcoin experienced heavy outflows from exchange-traded funds, leading to a drop below $73,000 amid a tech stock sell-off. Traders fear further pressure as $2.9 billion was withdrawn from spot ETFs over twelve days. Liquidations totaling $3.25 billion followed a 26% correction from Bitcoin’s rejection at $98,000 on Jan. 14.

Blame for the recent crash was placed on a $19 billion liquidation in October 2025 due to a Binance glitch. Market makers struggled to recover from massive liquidations and delayed transfers. Cryptocurrency exchanges’ liquidation mechanisms focus on minimizing risks, not stabilization like traditional finance mechanisms.

Professional traders remain bearish on Bitcoin, with the options delta skew reaching 13% post-crash. Doubts about Bitcoin’s $72,100 bottom stem from fears of competition in the tech sector. Unfounded rumors of a $9 billion Bitcoin sale and Binance’s solvency concerns add to investor discomfort.

With uncertainty in macroeconomic trends, many traders are exiting cryptocurrency markets. The future of Bitcoin spot ETF outflows and price pressure remains uncertain. This article serves as information only, and readers should conduct their research before making investment decisions.

Read more at Cointelegraph: $2.9B Bitcoin ETF Outflow, Bearish Futures Data Project More BTC Downside