Bitcoin has steadied just under $73,000 after last week’s sharp pullback, but the rebound still hasn’t arrived. U.S. spot bitcoin ETFs have now posted net outflows for 9 straight trading days, including a single-session pull of $733.43 million. BlackRock’s fund alone saw more than $527 million redeemed in one day. Bitcoin is holding near $73,000 while one of its biggest demand channels keeps bleeding.
As Bitcoin and Ethereum both grind lower, traditional risk proxies like the NASDAQ tracker and VIX volatility gauge have stabilized or eased. The chart draws out that divergence: crypto kept leaking even while equities and volatility signals found new footing.
The cleaner read here is the price test. Bitcoin is sitting just under $73,000, and if that level gives way, it would suggest the market is struggling to absorb ongoing selling pressure. For a stronger rebound case, traders likely need to see buyers defend this range and ETF flows stabilize or turn positive.