Key Insights:
- Bitcoin ETFs shed $202 million, putting pressure on the price.
- Metaplanet deposited 3,000 BTC worth $237 million into Coinbase Prime within 24 hours.
- Bitcoin price was rejected at $81,500, while analyst Ted identifies a major support zone.
Data from SoSoValue reveals that U.S. spot Bitcoin ETFs suffered $201.81 million in Friday outflows, halting a streak of nine consecutive sessions of positive inflows. Meanwhile, the price of Bitcoin hovered at $77,703.93, marking a 2.1% decline over a 24-hour period.
Conversely, ETH as its native asset.">Ethereum ETFs pulled in $102 million, bringing their ongoing inflow streak to 10 days. The trading session also featured substantial long liquidations alongside Metaplanet-associated transfers directed toward Coinbase Prime.
Bitcoin ETFs Recorded Outflows on Friday
Friday served as the concluding trading day of the week for these investment funds. SoSoValue reported that ARKB experienced the heaviest withdrawal, dropping $114.89 million. BITB registered a loss of $49.69 million, and IBIT saw $33.40 million exit.
Additionally, HODL gave up $13.17 million over the course of the session. Conversely, MSBT brought in $9.34 million, helping to partially balance out the withdrawals from the other four funds. Following Friday’s trading, cumulative net inflows across the whole sector reached $54.63 billion. IBIT maintained a total of $63.36 billion in cumulative inflows, whereas GBTC accumulated $27.61 billion in lifetime outflows.
BTC.com CEO Jiang Zhuoer tracked these ETF flows alongside the Coinbase premium to gauge fresh capital interest in the wake of Bitcoin’s prior rally. He pointed out that current sellers included trapped holders from previous downtrends as well as buyers at lower prices locking in profits.
Jiang noted that Friday’s fund movement served as a test of whether incoming market demand could absorb those sell orders. He also connected the negative ETF performance to Federal Reserve Chair Powell’s hawkish stance, stating that this policy outlook fueled additional weakness heading into the weekend.
Furthermore, Jiang characterized the downturn as Bitcoin’s initial major stress test since the broader uptrend kicked off. He remarked that the early-morning drop could signal the beginning of a larger trend reversal, prompting him to liquidate half of his spot ETH as its native asset.">Ethereum holdings during the descent.
Metaplanet Sends Bitcoin to Coinbase Prime
In related developments, Lookonchain disclosed that wallets linked to Metaplanet moved 3,000 BTC to deposit addresses at Coinbase Prime within a 23-hour window. Data tracked by Arkham captured 15 individual transactions valued at approximately $237.43 million altogether.
The largest single transfer involved 771 BTC worth $61.64 million, while another transaction moved 745 BTC valued at $57.97 million. Moreover, the three most recent transfers each moved precisely 1,000 BTC, totaling roughly $77.81 million.
The remaining transactions accounted for another 2,000 BTC, estimated at approximately $159.62 million. Arkham identified most of the sending addresses as Metaplanet Coinbase Prime Custody wallets, though two visible transfers originated from addresses tagged as “Metaplanet cold wallet.”
Whenever large entities move substantial amounts of Bitcoin to centralized exchanges, market participants frequently watch these transactions for potential selling pressure, even though such transfers do not automatically confirm an immediate sale.
Bitcoin Price Approaches Major Support Amid Liquidations
Simultaneously, total Bitcoin liquidations hit $142.89 million over a 24-hour timeframe. Long positions made up $120.96 million of that total—accounting for roughly 85%—while short positions comprised the remaining $21.94 million.
Liquidation momentum slowed down during the subsequent 12-hour window, dropping to $2.45 million, with longs contributing $1.58 million and shorts contributing $868,120.
Conversely, shorter timeframes demonstrated an inverted positioning dynamic. Over a four-hour span, short liquidations reached $386,980 compared to $121,860 for long positions.
During the most recent hour, short liquidations stood at $52,410, while long liquidations totaled $12,200. This shift lined up with Bitcoin consolidating primarily in a tight band between $77,400 and $77,900.
According to CoinGecko metrics, the 24-hour low touched $76,962.33 alongside a peak of $79,745.20, creating a daily trading span of roughly 3.6%.
Ultimately, the intraday low near $76,960 established immediate support after buyers bounced back from $77,100, though Bitcoin subsequently struggled to push back above the $78,000 threshold.
Sharing his outlook on X, analyst Ted noted that Bitcoin’s sharp rejection from $81,500 has drawn market focus toward the $74,000–$75,000 support area. He anticipates a retest of this price band following the recent downward move, emphasizing that successfully defending this support level will enable BTC to pick back up on its upward trajectory.
FAQ
- How much did Bitcoin ETFs lose on Friday?
U.S. spot Bitcoin ETFs recorded $201.81 million in outflows. - How much BTC did Metaplanet deposit to Coinbase Prime?
Metaplanet-linked wallets transferred 3,000 BTC worth about $237.43 million. - What is the next key support zone for Bitcoin?
Analyst Ted identified the $74,000–$75,000 range as a major support zone. - What was the total 24-hour Bitcoin liquidation amount?
Liquidations reached $142.89 million, with long positions making up $120.96 million.
