Major Cryptocurrencies Grapple with Bearish Pressure, ETF Outflows, and Price Declines
Major Cryptocurrencies Grapple with Bearish Pressure, ETF Outflows, and Price Declines
The cryptocurrency market is experiencing a significant downturn across major assets, marked by pronounced bearish sentiment and substantial capital outflows. Bitcoin faces potential steep losses, with analysts warning of a 'winter path' to $49,000 and $54,000, alongside a looming record fifth consecutive monthly loss. This decline is exacerbated by significant Bitcoin ETF outflows totaling $4.5 billion. Ethereum is also under considerable pressure, grappling with a deepening liquidity crunch and $3 billion in ETF dumps, despite the Ethereum Foundation staking a portion of its treasury. Meanwhile, XRP has seen its ETF inflows collapse by 93%, leading to price capitulation and investors realizing significant losses. The overall market signals a period of contraction and price weakness for these leading digital assets.
Bitcoin spent the last two days sliding down a familiar set of shelves, and the order book kept printing lower bids as liquidity thinned. By this morning, it sat at $63,214, a level that places the price inside the lower band on my two-year channel map.
Bitcoin is heading toward an uncomfortable milestone, a potential fifth consecutive monthly decline if February closes in the red, and the setup is starting to look less like a crypto-specific drawdown and more like a macro-driven repricing. This five-month losing streak would be notable in the post-ETF era and would also be Bitcoin’s longest stretch.
As Bitcoin trades in the low-$60,000s, the ledger shows nearly half of holders are sitting on losses. Newhedge’s percent supply in profit gauge shows 51.78% of coins are in profit with BTC around $63,275, implying roughly 10.35 million BTC in profit versus 9.64 million BTC in loss.
Ethereum is getting two headline signals at once, and they point in different directions. On-chain trackers have flagged a burst of ETH sales linked to Vitalik Buterin, the network’s most recognizable figure. At nearly the same time, the Ethereum Foundation began staking part of its treasury, positioning the move as a long-term shift.
XRP is entering a stretch where on-chain cost basis, leverage, and flow data may matter more than broad market narratives. The token is approaching a critical point after a sharp rise in realized losses, with on-chain activity showing investors moving coins below their purchase prices. That is a classic capitulation signal.