Outflows from Bitcoin spot ETFs continued to expand in 2026. According to data cited by Coinpedia, over 100,000 BTC have exited ETF holdings this year. Since ETF holdings peaked in October 2025, cumulative outflows have exceeded 160,000 BTC, marking the largest drawdown since the launch of spot ETFs.
Position drawdown has increased
The average purchase cost of the Bitcoin held by these ETFs is estimated to be close to $73,000. As BTC price volatility increases, many positions are now underwater, causing the market to focus more on whether further outflows will occur.
Market attention shifts direction
The report indicates that the pace of future ETF subscriptions and redemptions will be a key indicator of short-term pressure on Bitcoin. If outflows slow down, market pressure may ease; if they continue to expand, BTC prices may remain under pressure.