BTC and ETH Spot ETFs Bleed $296M: Longest Outflow Streak Signals Bottom?

Spot Bitcoin ETFs recorded $166 million in outflows over February 19-20, matching Ethereum's $130 million drain for the third straight day, per on-chain trackers and market recaps. This pushes total BTC ETF outflows past $8.5 billion since October 2025, coinciding with Bitcoin's worst yearly start and fifth weekly loss since 2022. Fear and Greed Index lingers at rock-bottom 8/100, fueling capitulation talks among investors.

Pawnie's daily Web3 recap details BTC facing its longest losing streak since 2022, with Google searches for 'Bitcoin to zero' spiking similarly.2 CryptoVerse flags thinning short-term conviction, questioning if it's rotation, risk-off, or pre-pump noise. While SOL ETFs eked $5.94 million inflows, majors like BTC and ETH dominate the bleed, testing institutional resolve. Coinglass data underscores ETF pressures, though specifics remain fluid amid high altcoin outflows totaling $209 billion over 13 months. Broader sentiment ties to regulatory stalls, with Coinbase's Armstrong blaming banking lobbies for market deadlock valued at $2.37 trillion. Whale moves, like $75 million BTC from Gemini, add repositioning speculation. As ETH ETFs mirror BTC's pain, longest streaks echo 2022 capitulation bottoms, where dip buyers thrived post-purge. Hyperliquid's fee dominance and Lightning Network milestones hint at underlying network strength despite ETF exits.

These outflows pressure Bitcoin toward $67,000 supports, shaking weak hands while signaling potential exhaustion for savvy dip hunters. Institutional outflows test conviction but historically precede rebounds, aiding long-term holders. Crypto investors face heightened volatility, yet bottom formations could unlock fresh liquidity rotations into alts.

ETF outflows mark a cautionary stretch, but history favors buyers at capitulation lows. Monitor institutional flows and sentiment shifts for reversal cues. Patient stacking amid fear often yields the biggest dips.

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