Analyst: Spot BTC ETFs have sold over 100K BTC this year

On-chain analyst Darkfost reported on X that asset managers have sold more than 100,000 BTC from spot Bitcoin ETFs this year amid sustained outflows. He noted that this figure represents only the net outflows for the current year. Since October of last year, when BTC reached its peak price, the total amount sold exceeds 160,000 BTC, with the value of the outflows estimated at over $11 billion. Darkfost also pointed out that the current realized price for BTC holders is around $73,000, meaning most investors are at a loss. He added that the downturn is affecting all market participants, including institutional investors like BlackRock.