ETF outflows of 160k BTC, unrealized losses exceeding $11 billion—these numbers are hair-raising. Are institutions also unable to hold on?

CoinWorld news: According to CryptoQuant analyst Darkfost, liquidity outflows from Bitcoin ETFs are still continuing. Since 2026, more than 100,000 BTC have flowed out of ETF issuer reserves, marking the first time this scale has been reached since the launch of spot Bitcoin ETFs. Darkfost said that, based on the peak of ETF holdings in October 2025, the related entities have cumulatively sold more than 160,000 BTC, with estimated losses by value exceeding $11 billion, representing the largest historical drawdown. He also noted that the realized price of ETF holdings is approximately $73,000, meaning many ETF-related holders are currently sitting on unrealized losses.