Bitcoin stumbles and turns its week red on Wall Street

Source: Criptonoticias Original Title: Bitcoin stumbles and turns its week red on Wall Street Original Link: https://www.criptonoticias.com/mercados/bitcoin-tropieza-tine-rojo-semana-wall-street/ Bitcoin exchange-traded funds (ETF) and (BTC) experienced their most challenging period on Wall Street in 2026, with capital outflows totaling $1.3 billion.

Largest weekly withdrawals since November

This financial movement, concentrated between Tuesday the 20th and Friday the 23rd of January (due to the Monday holiday in the United States), marks the highest weekly withdrawal volume since last November.

The daily breakdown of these operations shows a persistent trend of disinvestment:

  • Tuesday: $483 million
  • Wednesday: $708 million (highest figure)
  • Thursday: $32 million
  • Friday: $103 million

Gráfico de barras verdes y rojas mostrando el desempeño de los ETF de bitcoin.

This level of outflows was enough to cause a 5% drop in BTC price during that period. Currently, Bitcoin’s price is fluctuating within a technical range between $89,000 and $90,000.

Bitcoin remains in a corrective period

Spot ETFs operate by buying and holding Bitcoin to back their shares, making them a key factor in the digital currency’s price dynamics.

When investors withdraw their capital, fund managers may need to sell part of their Bitcoin holdings to cover redemptions. This increase in supply, without demand to counterbalance it, exerts downward pressure on the asset’s value.

This correlation between ETF behavior and Bitcoin’s price derives from the operational structure of ETF issuers, who must adjust their physical reserves to support the outstanding shares.

Historically, similar periods of massive outflows have preceded phases of reaccumulation.

However, Bitcoin is currently in a corrective phase since the all-time high of $126,000 recorded in October. In this cautious scenario, bulls hope that, in the long term, BTC will gain traction as digital gold.

BTC-2,23%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)