Bitcoin ETFs shed $434M as BTC briefly touches $60K, assets near $80B

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Bitcoin ETFs experienced significant outflows of $690 million, coinciding with Bitcoin's brief touch of $60,000, sparking concerns over the legitimacy of 'paper Bitcoin' and scarcity.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Net weekly outflows from Bitcoin ETFs reached $690 million as BTC briefly touched $60,000, reigniting analyst criticism over “paper Bitcoin” and scarcity.

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Full article on CoinTelegraph
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Original article published by CoinTelegraph on February 6, 2026.
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