Bitcoin Plunges to 15-Month Low Amid ETF Outflows and Macro Turmoil
Price falls to about $62,900 after slipping below $66,000 as U.S. spot-Bitcoin ETFs logged billions in outflows this quarter.
Overview
Bitcoin fell to about $62,900 on Friday after dropping below $66,000 on Thursday, marking its lowest level since Oct. 2024, according to Coinbase price data.
The sell-off accelerated after Bitcoin peaked above $126,000 on Oct. 6, 2025, and erased about 46% of its value as geopolitical uncertainty and volatility in gold and silver dampened risk appetite, analysts said.
Deutsche Bank analysts and CryptoQuant reported that U.S. spot-Bitcoin ETFs have seen billions of dollars in monthly outflows since Oct. 2025, with specialized ETFs suffering more than $3 billion in January, records show.
Shares of crypto firms tumbled, with Coinbase Global down 9.1%, Robinhood Markets off 8.1% and Riot Platforms down 10%, and MicroStrategy disclosed its 713,502-bitcoin holdings now valued at about $47.8 billion versus $54.3 billion in cost, regulatory filings show.
Analysts at Kaiko and market strategists warn the 'crypto winter' could last months but note previous recoveries; investors are watching U.S. regulatory bills and Federal Reserve policy decisions for near-term catalysts.
Analysis
Center-leaning sources frame the story as a systemic crypto crisis by repeatedly foregrounding sharp loss language (headlines: "plunge", "crash", "slide"), prioritizing bearish analyst warnings and industry losses, and linking drops to Trump administration policy and macro risks. They spotlight dire quotes (e.g., "death spiral") and emphasize corporate writedowns while offering few optimistic counterpoints.
Sources (7)
FAQ
Bitcoin fell to about $62,900 due to heavy U.S. spot-Bitcoin ETF outflows totaling billions since October 2025, geopolitical uncertainty, and volatility in gold and silver dampening risk appetite.
From November 2025 through January 2026, spot Bitcoin ETFs shed about $6.18 billion in net capital, with weekly outflows like $1.137 billion in late January and $545 million on February 4, 2026.
BlackRock's IBIT saw major outflows like $528.3 million in one session and $508.7 million weekly, while Grayscale's GBTC had $289.8 million weekly outflows; Fidelity's FBTC lost $148.7 million.
Coinbase Global shares fell 9.1%, Robinhood Markets dropped 8.1%, Riot Platforms declined 10%, and MicroStrategy's 713,502-bitcoin holdings were valued at $47.8 billion versus $54.3 billion cost.
Analysts warn of potential further declines to $40,000-$50,000 without sustained ETF inflows, but note previous recoveries and watch for U.S. regulatory bills and Federal Reserve policies as catalysts.
History
4 sources