US spot Bitcoin exchange-traded funds (ETFs) noticed heightened promoting on Thursday, with outflows accelerating the identical day Commonplace Chartered lowered its 2026 Bitcoin forecast.
Spot Bitcoin (BTC) ETFs recorded $410.4 million in outflows, extending weekly losses to $375.1 million, in keeping with SoSoValue information.
Except Friday brings substantial inflows, the funds are on monitor for a fourth consecutive week of losses, with property beneath administration (AUM) nearing $80 billion, down from a peak of just about $170 billion in October 2025.
The promoting coincided with Commonplace Chartered decreasing its 2026 Bitcoin goal from $150,000 to $100,000, warning that costs might fall to $50,000 earlier than recovering.
“We count on additional worth capitulation over the following few months,” the financial institution mentioned in a Thursday report shared with Cointelegraph, forecasting Bitcoin to drop to $50,000 and Ether (ETH) to $1,400.
“As soon as these lows are reached, we count on a worth restoration for the rest of the yr,” Commonplace Chartered added, projecting year-end costs for BTC and ETH at $100,000 and $4,000, respectively.
Solana ETFs the one winners amid heavy crypto ETF outflows
Destructive sentiment persevered throughout all 11 Bitcoin ETF merchandise, with BlackRock’s iShares Bitcoin Belief ETF (IBIT) and the Constancy Clever Origin Bitcoin Fund struggling the biggest outflows of $157.6 million and $104.1 million, respectively, in keeping with Farside.
Ether ETFs confronted related stress, with $113.1 million in each day outflows dragging weekly outflows to $171.4 million, marking a possible fourth consecutive week of losses.
XRP (XRP) ETFs noticed their first outflows of $6.4 million since Feb. 3, whereas Solana (SOL) ETFs bucked the pattern, recording a minor $2.7 million in inflows.
Excessive bear part not but right here as analysts count on $55,000 backside
Commonplace Chartered’s newest Bitcoin forecast follows earlier analyst forecasts that Bitcoin might dip beneath $60,000 earlier than testing a restoration.
Crypto analytics platform CryptoQuant reiterated that realized worth help stays at round $55,000 and has not but been examined.
“Bitcoin’s final bear market backside is round $55,000 immediately,” CryptoQuant mentioned in a weekly replace shared with Cointelegraph.
“Market cycle indicators stay within the bear part, not excessive bear part,” CryptoQuant famous, including: “Our Bull-Bear Market Cycle Indicator has not entered the Excessive Bear regime that traditionally marks the beginning of bottoming processes, which generally persist for a number of months.”
Associated: Bernstein calls Bitcoin sell-off ‘weakest bear case’ on report, retains $150K 2026 goal
Bitcoin hovered round $66,000 on Thursday, briefly dipping to $65,250, in keeping with CoinGecko information.
Regardless of ongoing promoting stress, long-term holder (LTH) conduct doesn’t point out capitulation, with holders presently promoting round breakeven. “Historic bear market bottoms fashioned when LTHs endured 30–40% losses, indicating additional draw back could also be required for a full reset,” CryptoQuant added.
Journal: Bitcoin issue plunges, Buterin sells off Ethereum: Hodler’s Digest, Feb. 1 – 7