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U.S.-based spot Bitcoin exchange-traded funds (ETFs) recorded their biggest yet daily outflow as investor sentiment turned sour after Tuesday’s market bloodbath, with investors retreating from risk assets in dealing with increasing macroeconomic concerns after President Donald Trump’s tariff threats against Mexico and Canada. Bitcoin ETFs Lose Over $1 Billion In One Day The nearly a dozen spot Bitcoin exchange-traded funds on Feb. 25 suffered a combined net outflow of $1.01 billion in what is their sixth consecutive trading day of bleeding. Fidelity Wise Origin Bitcoin Fund (FBTC) led the exodus on Tuesday with $345 million, followed by $164.3 million outflows from BlackRock’s iShares Bitcoin Trust (IBIT), as per data from SoSoValue. Meanwhile, Valkyrie’s BRRR and Bitwise’s BITB lost $100 million and $88.3 million, respectively. Franklin Templeton’s EZBC logged outflows of $74 million, with Grayscale’s GBTC and Invesco’s BTCO saw outflows of $66 million and $62 million respectively. Grayscale’s GBTC, Franklin Templeton’s EZBC, and Invesco’s BTCO also posted sizable net outflows yesterday. The recent intense selling edged past the previous record-high outflow on Dec. 19, when the spot BTC ETFs saw $671.9 million in withdrawals after the price of Bitcoin plunged below $97,000 from its then-all-time high of around $108K. Broader Market Downturn Bitcoin touched a low of $86,000 on Tuesday, its lowest level since November. Although the top crypto has slightly rebounded to around $88,658 as of press time, it remains down 7% over the past week, per CoinGecko. Ethereum (ETH) and other major altcoins, such as Ripple’s XRP and Solana, suffered even steeper price declines. The global crypto market capitalization has declined 2.9% over the last 24 hours. The Crypto Fear and Greed Index, a measure of traders’ sentiment, has dropped from a score of 25 to 21 today, remaining in the “extreme fear” zone. Nevertheless, ETF Store President Nate Geraci stated in a Feb. 26 X post that he was “still amazed at how much TradFi hates Bitcoin and crypto.” “Huge victory laps at every downturn,” he added. “Hate to break it to you, but no matter how big drawdowns are, it’s not going away.”

Despite the recent crypto-wide market downturn, a widely-followed crypto analyst suggests that the original meme coin Dogecoin could be primed for a mega price bounce. According to the analyst, the latest pullback has produced a near-perfect cup-and-handle pattern on Dogecoin’s price chart. As such, he believes this bullish setup signals the start of a sustained run to $5 in the foreseeable future. Mapping Dogecoin’s Road To $5 In a Tuesday post on the X social media platform, crypto strategist CryptoELITES noted that a “big move” is already underway for Dogecoin. In an accompanying DOGE price chart, the anonymous crypto commentator illustrates the formation of a cup-and-handle pattern. A cup-and-handle setup is a bullish technical formation that appears when the price drops initially, followed by a U-shaped recovery resembling a “cup.” The recovery is then followed by a period of consolidation, which looks like a “handle.” In technical analysis, the pattern typically resolves when the price breaks above the handle and rises by as much as the maximum distance between the cup’s trough and the neckline. A successful breakout from a cup-and-handle pattern can spark a meteoric rise since the setup confirms a trend bottom and then a higher sideways consolidation during its formation. That puts the doggy-themed crypto’s cup-and-handle breakout target at around $5, up by more than 2,300% from current price levels. Analyst Predicts Major Breakout For DOGE In 2025 In the meantime, analyst Trader Tardigrade has suggested that Dogecoin is approaching a potential breakout that will result in a double-digit price, indicating that the $5 prediction is rather conservative. In his Feb. 25 post on X, Trader Tardigrade proclaimed that a 4,635% rally to $10 DOGE is possible this cycle based on historical patterns. According to his analysis, the meme coin has historically endured a massive price correction just before a “super HUGE bull run.” He observes in a chart that the canine-themed meme coin followed a similar pattern in 2017 and 2021, falling 60% and 56%, respectively. Nevertheless, DOGE rose significantly from there, registering 8,900% and 30,500% price eruptions in 2017 and 2021. Tardigrade stressed that Dogecoin had concluded a 50% retreat from its January high and successfully retested the levels from where the structure broke. Therefore, the asset’s next target is $10.

The crypto market has been in freefall, with most cryptocurrencies losing over 15% in the past week. Bitcoin’s recent drop to $85,000 has shaken investor confidence, dragging the entire market lower. Total Market Cap in USD - TradingView Several major factors have contributed to this sharp decline: The Fed’s quantitative tightening (QT) policies signal that interest rates are unlikely to be cut anytime soon, making risk assets like crypto less attractive. Adding to the uncertainty, there’s no clarity on whether Donald Trump’s administration will implement the much-anticipated Strategic Bitcoin Reserve, which could provide a boost to Bitcoin’s price. The S&P 500 dropped nearly 2% last Friday, marking its worst day in two months. Crypto has historically correlated with stock market movements, and this downturn has further fueled selling pressure across the digital asset space. A recent security breach at Bybit , one of the major crypto exchanges, has added to investor uncertainty. With traders cautious and sitting on the sidelines, overall buying power in the market has weakened, making recovery more difficult. Despite the broader market downturn, a few altcoins have surged in value, proving that some projects still have strong momentum. Here are the top 3 performers:

TL;DR The SEC’s February 27 meeting may address Ripple’s XRP, signaling a potential pro-crypto shift under Chairman Mark Uyeda. Unlike recent SEC agreements, the Ripple lawsuit is more complex. Experts predict a settlement, with Judge Torres overseeing compliance with a $125M fine. XRP on the Agenda The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) remains ongoing more than four years. However, multiple developments and events hint that a final resolution could be just around the corner. One example is the regulator’s Sunshine Act meeting scheduled for February 27, which will be closed to the public and will touch upon numerous matters. Some X users noted that Ripple’s native token will also be included in the discussions this time. The analyst using the moniker ALLINCRYPTO outlined that the SEC will particularly focus on Bitwise’s application to introduce a spot XRP exchange-traded fund (ETF) in the United States. It is worth mentioning that the Commission has already acknowledged the company’s filing, meaning it must officially approve or reject the product’s launch within 240 days. A potential green light would double down on the SEC’s pro-crypto approach since the departure of Gary Gensler. Recall that the former Chairman (who was known for his hostile stance toward the digital asset industry) resigned on January 20 and was succeeded by Mark Uyeda. Under the new leadership, the agency dismissed several lawsuits, including those against Coinbase and Uniswap. In addition, the case versus Binance was paused for 60 days. The XRP Army has raised hopes that the legal battle against their favorite company could be the next to reach its conclusion. Not Like the Rest It is important to note that the Ripple v. SEC lawsuit is different and far more complex than the other cases involving the Commission and crypto entities. One person giving his two cents was the popular US lawyer Jeremy Hogan: “The SEC broke up with Coinbase after a couple of dates. Ripple and the SEC live together and have a baby,” the attorney stated. Hogan believes dismissing the case against Ripple is unlikely, predicting a settlement instead. Eleanor Terrett (a journalist at Fox Business) agreed, saying that Judge Torres has already ordered a $125 million fine on the company for violating certain rules. She added that the magistrate can retain jurisdiction until August 7 “to make sure the terms of the order are met.” Recall that Ripple’s bosses were ready to pay the penalty, but the SEC appealed. The move was expected since the amount represented just a fraction of the $2 billion the watchdog initially requested. The post Is a Major Ripple v. SEC Lawsuit Development Expected This Week? Here’s Why appeared first on CryptoPotato.

The cryptocurrency market is currently experiencing significant turbulence, highlighted by a record-setting outflow from U.S. spot Bitcoin ETFs (exchange-traded funds). On February 25, 2025, these ETFs collectively witnessed a net outflow of approximately $937.9 million, marking the largest single-day withdrawal since their inception in January 2024. This event also extends a six-day streak of negative flows, during which over $2.4 billion has exited these investment vehicles. Breakdown of Major Outflows Fidelity’s Wise Origin Bitcoin Trust (FBTC) led the exodus, which saw an outflow of $344.7 million. BlackRock’s iShares Bitcoin Trust (IBIT) followed closely, with investors pulling out $164.4 million. Other notable outflows included Bitwise’s Bitcoin ETF (BITB) at $88.3 million and Grayscale’s Bitcoin Trust (GBTC) with $66.1 million in redemptions. These substantial withdrawals have raised concerns about the stability and future trajectory of Bitcoin-focused investment products. Market Factors Contributing to the Sell-Off Several macroeconomic and market-specific factors have converged to precipitate this significant sell-off: Macroeconomic Uncertainty: Recent policy announcements, particularly President Trump’s confirmation of impending tariffs on imports from Mexico and Canada, have heightened fears of escalating inflation and potential economic slowdown. Such uncertainties often prompt investors to retreat from riskier assets, including cryptocurrencies. Profit-Taking by Investors: Bitcoin’s impressive rally over the past year, which saw prices soar to an all-time high of $109,000 in January 2025, has led some investors to lock in profits. Analysts have observed that recent selling pressure predominantly originates from individuals who entered the market during the peak, aiming to capitalize on their gains amidst the current market volatility. Diminished Appeal of Carry Trades: The yield from cash and carry arbitrage strategies, which involve exploiting the price difference between spot and futures markets, has diminished. The annualized premium in CME Bitcoin futures has declined to 4%, making these trades less attractive, especially when compared to the 10-year U.S. Treasury note yielding 4.32%. This shift has prompted institutional investors to reassess their positions in Bitcoin ETFs. Impact on Bitcoin’s Price and Broader Market Sentiment The substantial outflows from Bitcoin ETFs have exerted downward pressure on Bitcoin’s price. As of February 26, 2025, Bitcoin is trading below the $90,000 threshold, a significant drop from its peak earlier in the year. This decline has not only affected individual investors but has also led to a broader reassessment of risk within the cryptocurrency market. The Crypto Fear and Greed Index, a metric that gauges market sentiment, has shifted towards “extreme fear,” indicating heightened investor anxiety. Potential Long-Term Implications While the immediate outlook appears challenging, it’s essential to consider the potential long-term implications: Regulatory Developments: The current market volatility may accelerate efforts by regulatory bodies to establish clearer guidelines for cryptocurrency investments, potentially leading to increased institutional adoption once a more stable framework is in place. Market Maturation: Episodes of heightened volatility and significant outflows can serve as catalysts for the maturation of the cryptocurrency market, prompting the development of more robust financial products and risk management strategies. Investor Education: The recent events underscore the importance of investor education regarding the inherent risks and volatility associated with cryptocurrency investments, potentially leading to more informed and resilient market participants. Conclusion on Bitcoin ETFs The record-setting outflows from U.S. spot Bitcoin ETFs reflect a confluence of macroeconomic uncertainties, strategic profit-taking, and shifts in institutional investment strategies. While the immediate impact has been a notable decline in Bitcoin’s price and increased market trepidation, these events may also pave the way for a more resilient and mature cryptocurrency ecosystem in the long term. As the market continues to evolve, stakeholders must remain vigilant, adaptive, and informed to navigate the complexities of this dynamic financial landscape. Stay tuned to The BIT Journal and keep an eye on Crypto’s updates. FAQs 1. Why did Bitcoin ETFs experience a record $937M outflow? Bitcoin ETFs saw massive outflows due to macroeconomic uncertainty, investors’ profit-taking after Bitcoin’s recent rally, and a decline in the attractiveness of arbitrage strategies. 2. How has the outflow affected Bitcoin’s price? The significant withdrawal from Bitcoin ETFs has contributed to downward pressure on BTC’s price, pushing it below $90,000 and increasing market volatility. 3. Should investors be worried about the Bitcoin ETF outflows? While short-term sentiment is bearish, outflows are part of normal market cycles. Long-term investors should assess macroeconomic trends and regulatory developments before making decisions. 4. What does this mean for the future of Bitcoin ETFs? Despite the current downturn, Bitcoin ETFs remain a key investment vehicle for institutional adoption. Regulatory clarity and improved market stability could help them recover. Glossary of Key Terms Bitcoin ETF (Exchange-Traded Fund) – A financial product that allows investors to gain exposure to Bitcoin without directly owning it, traded on traditional stock exchanges. Outflows – The movement of capital out of an investment fund, indicating investors are withdrawing their money. Profit-Taking – The act of selling assets to lock in gains after a price increase. Macroeconomic Uncertainty – Economic instability caused by factors like inflation, trade policies, or geopolitical events. Carry Trade Arbitrage – A trading strategy that exploits price differences between spot and futures markets to generate profit. Crypto Fear and Greed Index – A metric that measures investor sentiment in the cryptocurrency market, ranging from extreme fear (bearish) to extreme greed (bullish). Sources cryptobriefing.com investopedia.com coindesk.com