Bitcoin Spot ETF: Worst bear market in history?

Spot Bitcoin exchange-traded funds in the USA have recorded unfavorable inflows for 3 consecutive months. Issues may change in January, however the phase is approaching its second anniversary on a be aware of pessimism.

Bitcoin (BTC) Spot ETF: 3 consecutive months within the pink?

The Bitcoin Spot ETF phase is inching nearer to its third straight month of losses. Buyers withdrew $210 million from spot BTC ETFs within the first 10 days of January, in accordance with SoSoValue information.

So far, the longest bear market right here lasted two months from February to March 2025, when crypto buyers slashed the Bitcoin Spot ETF’s TVL by a whopping $4.2 billion in simply 60 days.

The continued pattern is already changing into much more devastating, with Spot Bitcoin ETF holders withdrawing $4.7 billion in liquidity over a 10-day interval in November-December 2025 and January 2026.

USD-denominated property beneath administration throughout the phase are at roughly the identical degree as a 12 months in the past. In mid-January 2025, the full quantity injected into spot BTC ETFs was estimated at $107 billion, which is now round $116 billion.

At its peak, recorded simply earlier than the crypto flash crash on October 10, the sector was valued at greater than $166 billion.

Are we in a “cute bear market”?

Bitcoin (BTC), the biggest cryptocurrency and the underlying asset of the Spot BTC ETF, has fallen from $94,000 to $90,500 prior to now 12 months.

After Bitcoin (BTC) ended the post-halving 12 months on a pink candlestick for the primary time in historical past, increasingly analysts are hinting in the beginning of a bear market.

In the meantime, CryptoQuant CEO Ki Younger Ju predicts that this recession might be extra forgiving than the crypto winters of 2018-2019 and 2021-2022.

The online capitalization of the cryptocurrency market decreased from $3.6 trillion to $3.2 trillion final 12 months, with ATH exceeding $4.3 trillion on October 7, 2025.