US spot Bitcoin exchange-traded funds (ETFs) noticed heightened promoting on Thursday, with outflows accelerating the identical day Commonplace Chartered lowered its 2026 Bitcoin forecast.
Spot Bitcoin (BTC) ETFs recorded $410.4 million in outflows, extending weekly losses to $375.1 million, according to SoSoValue information.
Except Friday brings substantial inflows, the funds are on monitor for a fourth consecutive week of losses, with property beneath administration (AUM) nearing $80 billion, down from a peak of just about $170 billion in October 2025.
The promoting coincided with Commonplace Chartered reducing its 2026 Bitcoin target from $150,000 to $100,000, warning that costs may fall to $50,000 earlier than recovering.
“We count on additional value capitulation over the subsequent few months,” the financial institution mentioned in a Thursday report shared with Cointelegraph, forecasting Bitcoin to drop to $50,000 and Ether (ETH) to $1,400.
“As soon as these lows are reached, we count on a value restoration for the rest of the 12 months,” Commonplace Chartered added, projecting year-end costs for BTC and ETH at $100,000 and $4,000, respectively.
Solana ETFs the one winners amid heavy crypto ETF outflows
Damaging sentiment continued throughout all 11 Bitcoin ETF merchandise, with BlackRock’s iShares Bitcoin Belief ETF (IBIT) and the Constancy Sensible Origin Bitcoin Fund struggling the biggest outflows of $157.6 million and $104.1 million, respectively, according to Farside.
Ether ETFs faced comparable stress, with $113.1 million in every day outflows dragging weekly outflows to $171.4 million, marking a possible fourth consecutive week of losses.
XRP (XRP) ETFs saw their first outflows of $6.4 million since Feb. 3, whereas Solana (SOL) ETFs bucked the pattern, recording a minor $2.7 million in inflows.
Excessive bear section not but right here as analysts count on $55,000 backside
Commonplace Chartered’s newest Bitcoin forecast follows earlier analyst forecasts that Bitcoin may dip under $60,000 earlier than testing a restoration.
Crypto analytics platform CryptoQuant reiterated that realized value help stays at round $55,000 and has not but been examined.
“Bitcoin’s final bear market backside is round $55,000 right this moment,” CryptoQuant mentioned in a weekly replace shared with Cointelegraph.
“Market cycle indicators stay within the bear section, not excessive bear section,” CryptoQuant famous, including: “Our Bull-Bear Market Cycle Indicator has not entered the Excessive Bear regime that traditionally marks the beginning of bottoming processes, which generally persist for a number of months.”
Associated: Bernstein calls Bitcoin sell-off ‘weakest bear case’ on record, keeps $150K 2026 target
Bitcoin hovered round $66,000 on Thursday, briefly dipping to $65,250, according to CoinGecko information.
Regardless of ongoing promoting stress, long-term holder (LTH) conduct doesn’t point out capitulation, with holders presently promoting round breakeven. “Historic bear market bottoms fashioned when LTHs endured 30–40% losses, indicating additional draw back could also be required for a full reset,” CryptoQuant added.
Journal: Bitcoin difficulty plunges, Buterin sells off Ethereum: Hodler’s Digest, Feb. 1 – 7
