Nine consecutive sessions of U.S. spot Bitcoin ETF inflows ended Wednesday with $148.7 million in combined net outflows.
The streak had brought approximately $3.1 billion into the funds and returned their 2026 cumulative flows to positive territory. The Block
Fidelity’s FBTC accounted for most of Wednesday’s reversal with approximately $125.6 million in net outflows. Bitwise’s BITB lost another $13.6 million, while BlackRock’s IBIT posted $9.5 million in outflows, ending its own nine-session inflow run. The Block
Bitcoin’s price action reflected the same hesitation.
BTC briefly moved above $85,500 following softer U.S. PCE inflation data but failed to hold the breakout as Treasury yields remained elevated. By Thursday, Bitcoin had returned to the established $82,000 to $85,000 range. CoinDesk
The U.S. 10-year Treasury yield remained around 5.3%, keeping government bonds unusually competitive against non-yielding Bitcoin.
The ETF reversal should be viewed in proportion. One negative session does not erase $3.1 billion accumulated across the preceding nine trading days.
It does remove one source of uninterrupted marginal demand just as Bitcoin is attempting to break a well-defined resistance zone.
TOKEN RECON ASSESSMENT
Bitcoin has now tested the upper edge of the range with favorable inflation news and failed to hold it.
That makes the next attempt more informative.
ETF flows provide one confirmation mechanism. If net creations resume while Bitcoin pushes through $85,000, the breakout would have stronger institutional support. Continued outflows alongside repeated rejection between $84,000 and $85,500 would point toward distribution rather than simple consolidation.
For now, the battlefield has not moved. Bitcoin is still trapped between $82,000 support and roughly $85,000 resistance.
Sources
The Block, Bitcoin ETF nine-day inflow streak ends with $149 million exit
CoinDesk, Bitcoin starts the quarter inside the $82,000 to $85,000 range
CoinDesk, Bitcoin’s $85,500 inflation rally fades as Treasury yields stay high