BTC faces ongoing liquidity pressure from spot ETF outflows, analysis finds

An analysis suggests that continued outflows from Bitcoin spot ETFs are fueling downward market pressure amid a lack of liquidity. The Block, citing a weekly Glassnode report, noted that BTC remains stuck below its True Market Mean of $79,000. According to the report, the structural price range indicated by on-chain metrics has widened to between $54,900 and $79,000, with the current price of around $67,000 holding within a $60,000 to $70,000 channel. Meanwhile, the shift to net outflows in U.S. spot ETFs has weakened institutional demand, while a negative turn in the cumulative volume delta on exchanges points to sustained and expanding selling pressure.