Bitcoin Falls Below $80,000 as ETFs Record $6.2B Net Outflows Since November

Bitcoin fell below $80,000 for the first time since April 2025 as $2.7 billion in liquidations swept the market over the weekend, erasing gains since Trump's November 2024 election, Wintermute reports. Spot BTC ETFs have posted approximately $6.2 billion in net outflows since November, the longest streak since ETFs launched, with redemptions forcing sponsors to sell spot into declining prices; spot volumes rose, and IBIT reached $10 billion in notional trades by Thursday. U.S. spot flows pointed to persistent selling, with Coinbase premiums in discount and internal OTC data showing institutions offloading Bitcoin, while IBIT was cited as the largest holder and an incremental supply source; IBIT and Deribit now account for roughly half of the crypto options market. Analysts flagged bear-market characteristics, noting negative skewness during rallies and crashes, and linked trading to mixed Mag7 earnings, a sudden drop in precious metals, and Warsh's Fed nomination; Bitcoin tracked software names in the S&P as investors rotated into AI themes, leaving crypto and non-AI software under pressure.