Spot Bitcoin ETFs Post More Than $2 Billion in Net Outflows Over Two Weeks

Wintermute said U.S. equities set fresh highs last week, while bitcoin and ether saw modest pullbacks. BTC slipped about 1.5% to roughly $76,600, and ETH fell around 1.7%. Over the past two weeks, spot BTC ETFs recorded cumulative net outflows of more than $2 billion. The wave of institutional buying that recently helped lift BTC to $80,000 has faded, while the ETH/BTC ratio dropped to a 10-month low. Stocks extended gains as oil prices and U.S. Treasury yields moved lower. Nvidia's muted after-hours response to its earnings report also pointed to an AI trade that may already be "perfectly priced." Wintermute added that the $75,000–$76,000 area has emerged as a key support zone for BTC.