Bitcoin at Risk of Falling Below $60,000 as BlackRock ETF Trading Volume Surpasses $10 Billion
Bitcoin at Risk of Falling Below $60,000 as BlackRock ETF Trading Volume Surpasses $10 Billion
As Bitcoin (BTC) plunged in a severe sell-off that threatened the $60,000 level, BlackRock’s spot Bitcoin ETF recorded a historic trading volume of $10 billion, simultaneously signaling the possibility of both market capitulation and the formation of a bottom.
The spot Bitcoin ETF recorded more than 284 million shares traded in a single day, translating into a notional value of roughly $10 billion. This marked an increase of about 69% over the previous record set in November, underscoring that institutional selling pressure had reached a peak. The record-breaking volume, which occurred as Bitcoin was pushed down toward the $60,000 level, reflects the extreme fear currently permeating the market.
The ETF’s price tumbled 13% in one day to fall below $35, the lowest level since October 2025. Capital outflows also accelerated, with net outflows of $175.3 million from this single product, accounting for roughly 40% of the total $434.1 million in net outflows across all spot Bitcoin ETFs on the day. As the world’s largest listed Bitcoin fund became a primary exit route for institutional investors, overall selling pressure intensified.
Signs of extreme fear have also emerged in the options market. Demand for downside protection surged, with the volatility premium for put options exceeding that of call options by more than 25 points. Experts note that such an extreme bias toward put options is a classic hallmark of the final capitulation phase, when investors panic and aggressively dump assets.
Market analysts observed that falling Bitcoin prices have strongly triggered stop-loss selling among ETF investors. The combination of record-high trading volume, accelerating capital outflows, and defensive options positioning suggests that institutional investors have entered the most intense selling phase of this downturn. Historically, such final capitulation has often served as a signal of a market bottom, drawing attention to the potential for a future rebound.
Currently, the digital asset market is drifting without organic momentum for a rebound, weighed down by policy uncertainty surrounding the U.S. administration and broader macroeconomic instability. If Bitcoin fails to secure firm support at the $60,000 level, additional downward pressure may follow. The unwinding of leverage is viewed as a healthy cleansing process for the market. With institutional exits seemingly reaching their peak, attention is now focused on whether tangible new demand will begin to flow in.
Disclaimer: This article is provided for informational purposes only and does not constitute investment advice. The publisher assumes no responsibility for investment losses incurred based on this content.
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