Bitcoin spot ETFs see $2.9B outflows as BTC retreats to new 2026 low near $72K

On Wednesday, Bitcoin fell below $73,000 after failing to hold the prior retest of $79,500, while U.S.-listed spot Bitcoin ETFs have logged more than $2.9 billion in cumulative outflows over the last 12 trading sessions. Options data, large futures liquidations and the crypto market’s tight correlation with sliding tech stocks indicate that many traders are cutting exposure and remain unconvinced that the recent low around $72,100 marks a durable bottom.