Net outflows for US spot Bitcoin ETFs (exchange-traded funds) approached the $1 billion threshold on Tuesday.

Bitcoin ETF outflows come amid a broader market sell-off, hugely provoked by macroeconomic concerns after President Trump's tariff threats.

Net outflows from US spot Bitcoin ETFs nearly reached the $1 billion mark on Tuesday, extending these losses as weekly outflows approached $1.5 billion.

Bitcoin ETF outflows come amid a broader market sell-off, largely driven by macroeconomic concerns following President Trump’s tariff threats.

Bitcoin ETF Net Outflows Near $1 Billion

Data from Farside Investors and Trader T’s analysis shows that Bitcoin ETF net outflows reached $937 million on Tuesday.

Fidelity’s FBTC led these outflows with $344 million in redemptions, followed by BlackRock’s IBIT at $164 million. Similarly, Bitwise’s BITB and Grayscale’s BTC each recorded $88 million and $85 million in net outflows, respectively.

Franklin Templeton’s EZBC lost $74 million, while Grayscale’s GBTC and Invesco’s BTCO declined by $66 million and $62 million, respectively.

Valkyrie, WisdomTree, and VanEck’s funds also reported net outflows, with BRRR, BTCW, and HODL posting $25 million, $17 million, and $10 million, respectively.

These outflows follow the nearly $672 million in withdrawals from U.S. spot bitcoin ETFs seen on Dec. 19, as bitcoin slipped below the $97,000 level.

According to crypto investor Dissolve DC on X (Twitter), the turnout suggests widespread panic on Wall Street. Notably, the spot bitcoin ETF financial instrument provides institutional investors with indirect access to BTC.

“We asked Wall Street to join the party this is what we get,” remarked the investor.

The panic can be attributed to concerns over President Trump’s tariff confirmations, which triggered up to $1 billion in liquidations across crypto markets.

As BeInCrypto reported, President Trump reactivated talks of tariffs on goods from Mexico and Canada, pushing investors away from risk assets and fueling inflation fears.

“We’re moving along on time with the tariffs, and it seems like that’s moving along very rapidly…We’ve been mistreated very badly by many countries, not just Canada and Mexico. They’ve really taken advantage of us,” Trump said at the White House on Tuesday, according to a report by Reuters.

Immediately afterward, BTC lost the crucial support at $91,000, extending the leg down to trade at $88,928 at press time.

These concerns were also reflected in last week’s outflows from digital asset investment products.

Bitcoin Price Outlook: Key Levels To Watch

On the daily timeframe, the BTC/USDT trading pair is showing a shift in market structure. This follows Bitcoin price dropping below a key bearish breaker level (formerly demand zone) around the $93,700 area.

This flip adds to the overhead pressure on BTC, as the supply zone at $103,991 remains a strong resistance level.

The price is approaching the 200-day EMA at $85,696, which provides crucial support. A breakdown below this could accelerate bearish momentum.

If the 200 EMA fails, the next major support lies in the $67,797-$70,000 demand zone, where buyers may step in.

The RSI (Relative Strength Index) is at 29.80, indicating oversold conditions for BTC but with no clear reversal signal.

The MACD (Moving Average Convergence Divergence) shows a bearish crossover with deep negative histogram values, reinforcing the downtrend.

Similarly, a high-volume node (grey for bears) exists around $91,000, acting as immediate resistance. The low-volume area below the current price suggests a potential sharp move downward.

Overall, Bitcoin is at a crucial support level. If buyers (yellow bars for bulls) defend the 200 EMA, a rebound toward $91,000 is possible. However, a break lower could lead to $70,000 in the coming weeks.

IntoTheBlock’s Global In/Out of the Money metric corroborates the outlook. It shows Bitcoin faces immediate resistance (red). Any efforts to move the price up would be countered by selling pressure from approximately 6.11 million addresses, which bought 4.1 million BTC at an average price of $98,050.

Meanwhile, Bitcoin’s initial strong support lies around the $72,500 level, where 6.76 million addresses hold approximately 2.65 million BTC bought at an average price of $65,304.