Bitcoin Trades Between $60,000 and $69,000 as ETFs See $166M Outflows

Bitcoin remains in a consolidation band between $60,000 and $69,000, where holders are near breakeven and recent declines have been largely absorbed, Bitfinex Alpha reported on Feb. 24. Bitcoin ETFs recorded around $166 million in net outflows last week, while Ethereum products also saw redemptions, indicating that sustained institutional accumulation has not yet returned despite some late-week inflows. The report notes that the realized profit-loss ratio is shrinking toward historically defensive levels, signaling limited on-chain capital growth, and derivatives funding rates have normalized to neutral or slightly negative, lowering liquidation risk but restraining rally potential; a durable breakout will likely require stronger spot demand and renewed institutional participation.