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We know who the US open Bitcoin slammers are.
Bitcoin ETFs have sold another $1.3bn $BTC so far this week.
This is the very likely end up being the 3rd largest week of outflows in their history.
The other three largest weeks being:
- 2nd March 2025 @ $79k
- 6th June 2026 @ $60k
- 6th Feb 2026 @ $60k
So far this year Bitcoin ETFs have sold $12.5bn, with $8.5bn of that between $60k in Feb and today.
They have bought $6.7bn this year, giving them a net outflow of $5.7bn for 2026.
Bitcoin has absorbed $8.5bn of sell pressure from ETFs whilst being above $60k.
What we're seeing here, imo, is ETF capitulation.