Bitcoin trades near $63,000 as spot ETF outflows hit $57.63 million for a third straight session
U.S. spot Bitcoin ETFs saw a third straight day of net outflows ($57.63m), led by BlackRock's IBIT, signaling softer marginal institutional demand despite large cumulative inflows. Concurrently, on-chain data shows BTC supply in profit fell to 51.4% (multi-year low), implying broad unrealized losses and weaker holder positioning. Ether ETFs posted zero net flows, reinforcing a muted risk appetite across major crypto beta.
AI Insight · BTC/USDTAI Insight
▼ Bearish
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Bitcoin hovered around $62,800 to $63,000 as U.S. spot Bitcoin ETFs posted $57.63 million in net outflows on Aug. 14, extending withdrawals to a third consecutive day. On-chain data shows the share of Bitcoin supply in profit fell to 51.4%, the lowest level in more than three years, leaving many holders with unrealized losses. Despite the recent outflows, cumulative net inflows into spot Bitcoin ETFs still stand at $51.79 billion, according to SoSoValue.