{"id":31631,"date":"2026-08-17T20:02:04","date_gmt":"2026-08-17T19:02:04","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/08\/17\/bitcoin-etf-outflows-price-stable\/"},"modified":"2026-08-17T20:02:08","modified_gmt":"2026-08-17T19:02:08","slug":"bitcoin-etf-outflows-price-stable","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/bitcoin-etf-outflows-price-stable\/","title":{"rendered":"Bitcoin ETFs See Massive Outflows \u2014 But the Price Won’t Budge"},"content":{"rendered":"\n

After a record week of inflows, US spot Bitcoin ETFs<\/strong> suffered a sharp reversal. Capital outflows accelerated, driven by rising geopolitical tensions in the Middle East<\/strong> and an increasingly uncertain macroeconomic backdrop.<\/p>\n\n\n\n

Yet the price of Bitcoin<\/strong> barely moved. This disconnect between ETF flows and BTC price action<\/strong> is puzzling analysts and raising one central question: who is absorbing the selling pressure?<\/p>\n\n\n\n

Here is a breakdown of a paradox that reveals as much about the maturity as it does about the fragility of today’s crypto market<\/strong>.<\/p>\n\n\n\n

$385 Million Out in One Week: The Bitcoin ETF Reversal<\/h2>\n\n\n\n

Data from Farside Investors<\/strong> tells a clear story: US spot Bitcoin ETFs<\/strong> recorded more than $385 million in net outflows<\/strong> last week. A striking reversal, given that the previous week had posted consecutive daily inflows totalling more than $865 million<\/strong> \u2014 their strongest performance since April.<\/p>\n\n\n\n

The two hardest-hit funds are the heavyweights of the sector: BlackRock’s iShares Bitcoin Trust<\/strong> and Fidelity’s Wise Origin Bitcoin Fund<\/strong>. Swimming against the tide, Morgan Stanley’s<\/strong> fund, launched in April, recorded positive net inflows \u2014 a signal that some institutional players are still buying at these levels.<\/p>\n\n\n\n

This reversal is unfolding against a deteriorating geopolitical backdrop. The escalation of tensions in the Middle East<\/strong>, combined with the conflict between the United States and Iran<\/strong> and rising oil prices, is reigniting inflation fears. Historically, Bitcoin<\/strong> has performed well on expectations of rate cuts \u2014 not on a return of inflation. Markets are therefore pulling back and waiting for macro clarity.<\/p>\n\n\n\n

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

Bitcoin at $64,000: Misleading Stability or a Solid Floor?<\/h2>\n\n\n\n

Despite these significant outflows, Bitcoin<\/strong> is trading around $64,066<\/strong>, virtually unchanged over both 7 and 30 days. This price resilience in the face of substantial outflows suggests that latent demand \u2014 likely OTC<\/strong> or through non-ETF players \u2014 is absorbing the selling pressure without leaving visible traces on order books.<\/p>\n\n\n\n

But stability should not obscure a darker reality. A NYDIG report published in July<\/strong> highlights that Bitcoin<\/a><\/strong> has been, since the start of the year, the worst-performing asset<\/strong> among major asset classes \u2014 trailing US Treasuries<\/strong>, silver, and currencies such as the Swiss franc<\/strong>. An underperformance that sits in stark contrast to the prevailing bullish narrative.<\/p>\n\n\n\n

More concerning still, NYDIG<\/strong> raises a bearish scenario comparable to historical drawdowns \u2014 notably the 2022 bear market<\/strong> \u2014 which could push BTC<\/strong> toward a cycle low between $38,000 and $39,000<\/strong>. That level would represent a drop of roughly 40% from current prices. An extreme scenario, but one that on-chain models cannot rule out if the macro environment continues to deteriorate.<\/p>\n\n\n\n

Hack, Regulation, War: BTC Shrugs Off Bad News \u2014 But for How Long?<\/h2>\n\n\n\n

What stands out from the analysis of recent weeks is Bitcoin’s<\/a><\/strong> resilience in the face of a relentless stream of negative catalysts. The major Coldcard hack on July 31<\/strong> \u2014 over $115 million in BTC stolen following the discovery of a software vulnerability \u2014 triggered no notable sell-off. The postponement of the vote on the Crypto Clarity Act<\/strong>, which the industry had been eagerly awaiting, was absorbed without excessive volatility.<\/p>\n\n\n\n

This capacity to absorb shocks reflects a more mature investor base and deeper market liquidity than in 2021 and 2022. But it can also mask an accumulation of unpriced risks. Correlations with equity markets<\/strong> remain elevated, and any sudden macro shock \u2014 a military escalation, an oil price spike, or a shift in Fed<\/strong> rate expectations \u2014 could trigger a synchronized liquidation event.<\/p>\n\n\n\n

Bitcoin<\/a><\/strong> has certainly bounced each time Trump<\/strong> has hinted at an imminent deal with Iran. But the conflict is dragging on, and markets are beginning to price in a prolonged scenario. In this context, BTC’s<\/strong> stability at $64,000 looks less like strength and more like a cautious wait before the next decisive catalyst<\/a><\/strong> \u2014 whether bullish or bearish.<\/p>\n\n\n\n

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