Bitcoin ETFs Post $27.55M Net Outflows On Friday, Close Week in Green

Key Insights:

• Bitcoin ETFs offloaded $27.55 million on Friday as BlackRock sold $32 million.
• Invesco and Franklin reduced BlackRock’s sell-off, adding $5 million in Bitcoin.
• ETFs are navigating worsening geopolitical conditions amid several projections of BTC’s bottom below $60,000.

Bitcoin ETFs saw net outflows of $27.55 million on Friday, but weekly flows remain positive. Weekly net inflows stood at $787.31 million. Net outflows in Feb 2026 stood at $206.52 million, significantly lower than the sell-off in the previous two months.

BTC price briefly dived below $64,000 on Saturday morning as Israel and Iran attacked each other, with the US supporting the former. Bitcoin seemed to inch closer to the bear market bottom as

BlackRock (NASDAQ: ETHA) sold $32 million in BTC while Invesco (CBOE: BTCO) added $3.27 million and Franklin (CBOE: EZBC) picked up $1.9 million

Bitcoin ETFs End Feb 2026 With $206M in Net Outflows

Despite strong net inflows in the week ending February 28th, Bitcoin spot ETFs posted net outflows for the month. Sharp outflows in the first three weeks accounted for Feb’s red print. Week 1, ending Feb 6th, saw net outflows of $318.7 million. Week 2, ending Feb 13th, was the worst, showing net outflows of $359.91 million. Week 3 saw net outflows of $315.86 million.

The final week of the month showed strong optimism amid Bitcoin’s Feb 25th surge. Although the BTC price has lost steam since Wednesday, ETFs have extended inflows for three days, including Wednesday.

Friday was the least active day this week, with just three funds reporting activity. ETF flows are a sign of institutional positioning. This week’s flows were attributed to increasing hopes that Bitcoin will soon find its bottom. Several projections of Bitcoin’s bear-market bottom were made this week.

Willy Woo, trader and crypto market commentator, opined that spot and futures liquidity was deteriorating rapidly, breaking BTC’s ongoing downtrend.

BTC ETFs are potentially restructuring amid retail exhaustion and will likely continue to do so. Bitcoin’s rising influence as a digital asset makes this period a potentially rare opportunity to scoop up the crypto in bulk.

However, technical projections for BTC’s price suggest further downside is imminent. Note that the geopolitical scenario is highly unfavorable right now; it doesn’t help that the US, one of the biggest regions by institutional and retail holdings, is a major part of the ongoing Israel-Iran conflict.

BTC Price Levels to Watch

Coinglass noted in an X post that liquidity clusters were forming at $66,000 and $69,000. To be precise, long positions were concentrated at $66,000 and short positions at $69,000.

These liquidation clusters suggest $64,000 might be a temporary zone, and a directional move may be imminent. Note that a downturn below $64,000 is just as likely as above it, given the worsening geopolitical scenario in the Middle East.

Amid the Israel-Iran conflict, Bitcoin’s realized price is likely to be the next strong support if $62,000 capitulates. Notably, Willy Woo remarked that $45,000 could be the bear market bottom in typical bear market conditions.

Realized price is the average price of all the bitcoins at the price at which they were last moved. As of writing this report, the BTC realized price hovered near $54,600.

The Jane Street news (Jane Street was exposed for market manipulation) potentially boosted optimism on Wednesday. Apart from that, nothing else was pulling BTC back up as it headed downwards.

Analyst Scott Melker (of Wolf of All Streets fame), in a tempered X post, noted that Bitcoin’s mid-week price jump could not be explained by any ‘earth-shattering catalyst’. The rise was the second-biggest single-day jump since the October-ATH run, Melker highlighted.

Amid the volatility, Melker emphasized that unexplained, under/overestimated moves are characteristic of the BTC market, especially during such times.

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