$BTC 🟠 ETFs Back in the Red — Fear Has the Market by the Throat
US spot Bitcoin ETFs continue to drain liquidity. Amid “Extreme Fear,” BTC dipped below $66K again.
📉 $133M in a Day — Outflows Accelerate
— −$133.3M recorded on Wednesday
— −$238M already since the start of the week
— BlackRock’s IBIT lost over $84M
— If Thursday and Friday don’t reverse the trend, this will mark the first 5-week outflow streak since March 2025
Year-to-date, funds are down around ~$2.5B. AUM has shrunk to $83.6B. Volumes remain weak — under $3B. The market isn’t just afraid, it’s frozen.
🧊 Solana Moves Against the Tide
While BTC and ETH are losing ground, Solana ETFs are holding a 6-day inflow streak. Since launch in October 2025, nearly $700M is under management. However, February is weak — just $9M in inflows versus $105M in January.
😨 Sentiment: Extreme Fear
BTC is down −24% year-to-date. The Fear & Greed Index remains stuck in panic territory.
Standard Chartered outlines a $50K scenario before a potential recovery toward $100K in 2026.
More interestingly, CryptoQuant notes that BTC’s short-term Sharpe ratio has dropped into a zone that historically aligned with “generational” entry points.
📌 Conclusion
ETF flows suggest institutions are not rushing in to rescue the market. But risk metrics hint that panic itself could become fuel for a sharp reversal.
One question remains: is this calm before another dump — or before a powerful short squeeze?
