{"id":26338,"date":"2026-02-05T11:12:00","date_gmt":"2026-02-05T11:12:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=26338"},"modified":"2026-02-05T13:22:38","modified_gmt":"2026-02-05T13:22:38","slug":"bitcoin-70k-etf-analysis","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/bitcoin-70k-etf-analysis\/","title":{"rendered":"Bitcoin dips to $70,000: What’s happening with Bitcoin ETFs?"},"content":{"rendered":"\n

An Institutional “Bull Trap”? The Numbers Behind the Chaos<\/h2>\n\n\n\n

February 2026 had started off with a bang. After a brutal end to January, institutional investors finally seemed ready to buy the dip<\/strong>. On Monday, February 2nd, US Spot Bitcoin ETFs<\/a> recorded a spectacular net inflow of $561.9 million<\/strong>, ending a four-day streak of outflows. Fidelity (FBTC) led the charge with over $153 million<\/strong>, closely followed by giant BlackRock (IBIT).<\/p>\n\n\n

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\"Bitcoin
Source: Checkonchain<\/figcaption><\/figure><\/div>\n\n\n

But the euphoria was short-lived. The very next day, the trend violently reversed. On Tuesday, February 3rd, these same financial products suffered a hemorrhage of $272 million<\/strong>. Notably, Fidelity, which had massively accumulated the day before, saw nearly $148 million flow out, almost entirely erasing its previous day’s gains. This “revolving door” movement suggests that even whales<\/strong> and asset managers are navigating blindly, favoring short-term tactical trading strategies over strategic accumulation.<\/p>\n\n\n\n

Bitcoin Below $71,000: Bearish Structure Confirmed<\/h2>\n\n\n\n

The impact on price was immediate. This institutional indecision acted as a bearish catalyst, pushing Bitcoin’s<\/a> price below the psychological barrier of $71,000<\/strong> on February 4th, a level not seen since November 2024. We are now far from the October 2025 ATH of $126,000, with the market showing a correction of over 40%.<\/p>\n\n\n\n

\"Bitcoin<\/figure>\n\n\n\n

From a technical perspective, the situation is concerning. BTC is now trading below its key moving averages, confirming an intermediate bearish<\/strong> trend. It has also decisively broken the $74,000 low, confirming that the decline should continue lower.<\/p>\n\n\n\n

Should You Buy the Dip or Wait for Final Capitulation?<\/h2>\n\n\n\n

However, the numerous order blocks formed over 3 days between $50,000 and $70,000<\/strong> provide a perfect foundation for Bitcoin to prepare its bottom and rebound. Several support levels are worth watching, notably $67,000, $63,000, and $53,000<\/strong> for BTC.<\/p>\n\n\n\n

This brutal reversal in ETF flows sends a contradictory signal. On one hand, the massive inflow on February 2nd proves there’s latent demand ready to step in at these price levels. On the other hand, the speed of the outflows shows extreme nervousness in the face of macroeconomic uncertainties (Fed policy, delayed US employment data). The crypto market currently seems correlated with traditional risk assets, struggling to play its role as a safe haven.<\/p>\n\n\n\n

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\ud83d\udea8 INSIDERS ARE SELLING

Insiders are dumping shares at a rate we haven\u2019t seen since 2021.

The sell-to-buy ratio has officially reached 4:1.

Nearly 1,000 executives cashed out in a single month.

Look at the last time the ratio hit this level (late 2021).

It happened just\u2026 pic.twitter.com\/l7cql8rRGa<\/a><\/p>— NoLimit (@NoLimitGains) February 4, 2026<\/a><\/blockquote>