The current situation with BTC spot ETFs is pretty normal. After all, the price isn’t great, so it’s natural for investors to exit consecutively. But I’ve noticed some mainstream media exaggerating the outflows from ETFs. In reality, the total holdings in the U.S. peaked at 1,384,018 BTC on September 19, 2025, and now it’s at 1,281,181 BTC. Over nearly 4.5 months, that’s a decrease of 102,837 BTC, with a reduction rate of 7.43%. Back then, Bitcoin’s price was $115,690, and now it’s $73,400—a price difference of 36.55%. No matter how you calculate it, BTC’s drop shouldn’t be caused by spot ETF sell-offs. On the contrary, spot ETFs have essentially locked up over 1.28 million BTC, keeping them out of market circulation. @bitget VIP, lower fees, crazier perks