Bitcoin ETF bleeds out more than $2.2 billion in two weeks as BTC tests the $73,000 mark

The crypto market has recently shown clear signs of weakening, and institutional funds have begun to withdraw continuously.

Data shows that over the past two weeks, the US spot Bitcoin ETF has already recorded cumulative net outflows of more than $2.2 billion, with especially pronounced redemption pressure on BlackRock’s IBIT. Under the pressure caused by fund outflows, the price of $BTC has been under sustained stress. Market data indicates that Bitcoin is currently trading at $73,235, which is already a noticeable pullback from this month’s high.

The market generally believes that the core driver behind this drop is still the continued rise in US Treasury yields, along with a cooling in expectations for Fed rate cuts. In a high interest-rate environment, institutions are more inclined to rotate back into lower-risk assets, and assets like Bitcoin—so-called “zero-yield assets”—naturally become targets for position reduction.

At present, the $73,000–$74,000 area is viewed by many traders as a key support zone for this phase. If it is effectively broken, market sentiment could weaken further, and BTC can’t be ruled out from probing further down toward the $70,000 level.

Against the backdrop of ongoing ETF outflows and tightening liquidity, Bitcoin’s short-term outlook remains bearish, and market volatility may be amplified further. At this stage, controlling positions and diversifying risk are more important than blindly chasing a bottom.

For investors who want to reduce volatility risk from a single coin, you can also use USDT to participate in multi-market trading such as US stocks, Hong Kong stocks, and futures, improving the flexibility of fund allocation during choppy market conditions.