US spot Bitcoin (BTC) ETF outflows reached roughly $430 million on July 13. Fidelity’s FBTC lost $246.3 million and BlackRock’s IBIT shed $186.1 million, according to Glassnode data.

The redemptions hit a market already trading at its quietest levels this cycle. ETF volumes have collapsed 78% from their peak, and analysts warn that attention has rotated to other asset classes.

ETF Trading Volumes Collapse 78% From Peak

Glassnode’s 30-day moving average of daily trading volume across US spot Bitcoin ETFs now sits at $1.25 billion. That marks a 78% collapse from the $5.8 billion peak recorded in late 2025.

Activity has also slipped below 2024 levels. BlackRock’s IBIT still accounts for most of the remaining turnover. However, even its share has thinned in recent months.

The on-chain analytics firm framed the slowdown as a loss of attention rather than a temporary lull. Glassnode shared the observation in a post on X:

“Trading activity in US spot ETFs sits in a quiet regime. Volumes are down 78% from the peak and below 2024 levels. A sustained recovery in $BTC price momentum would likely require attention and market participation to return from other asset classes.”

Bitcoin ETF Outflows Top $430 Million in One Day

Monday’s session showed how one-sided flows have become. Fidelity’s FBTC led the exit with $246.3 million in redemptions. IBIT followed with $186.1 million, while VanEck’s HODL bucked the trend with a $3.5 million inflow.

Grayscale’s GBTC and Franklin Templeton’s EZBC posted smaller losses. Combined, the funds bled roughly $430 million in a single day.

The IBIT figure drew loud reactions. Evan Luthra, entrepreneur and BeInCrypto Experts Council member, reacted to the data in a post on X.

The framing deserves nuance, however. ETF outflows reflect investors redeeming shares, which forces issuers to sell bitcoin held in trust. BlackRock did not liquidate a proprietary position, and Fidelity’s outflow was the larger of the two.

The reversal also stings because of its timing. Bitcoin funds had just attracted $197.4 million in net inflows during the week ending July 10, snapping eight straight losing weeks. June, in contrast, produced record monthly outflows of $4.5 billion.

BTC Price Prediction Hinges on the $58,000 Support

BTC trades near $64,681, up 4.4% over the past 24 hours, per BeInCrypto market data. Glassnode’s flows chart tracks the token’s slide from roughly $78,000 in mid-May to a June 30 low near $58,000.

That $58,000 area remains the level to defend. A daily close below it would put the cycle floor near $57,500 in play, roughly an 11% drop from current prices.

On the upside, bulls must reclaim $68,000, the zone where the early June breakdown began. A recovery above that level would suggest institutional demand is returning after a two-month drought.

There are early signs of absorption elsewhere. Long-term holders flipped back to accumulation on July 11 and 12, adding a net 5,912 BTC.

Sustained positive flows and a volume recovery would confirm renewed participation. Until then, BTC either rebuilds momentum above $68,000 or retests $58,000 with little institutional cushion beneath it.

Источник: BeInCrypto