“Spot BTC ETFs registered their sharpest outflows on record through November and December as prices dropped 20%.”, — write: www.coindesk.com
The 11 spot ETFs cumulatively registered a net outflow of $1.09 billion in December after a much steeper $3.48 billion in November. That amounts to a combined two-month redemption worth $4.57 billion, the largest since their debut in January 2024, according to data source SoSoValue.
The wave of outflows indicates a marked decline in institutional appetite for the leading cryptocurrency and coincided with a 20% slide in bitcoin’s price over the same period. The previous worst two-month stretch came in February and March, when investors pulled a total of $4.32 billion.
The US-listed ether ETFs had a rough year-end, too, as investors withdrew over $2 billion from these funds over November and December.
These outflows seem to paint a grim picture of the market, but some experts disagree.
“ETF outflows and steady liquidations are weighing on sentiment, but the structure does not resemble panic. Instead, this appears to be a market in equilibrium, as weak hands are exiting into year-end and stronger balance sheets are absorbing supply,” Vikram Subburaj, CEO of India-based Giottus exchange, said in an email.
“The price is compressing as both sides wait for liquidity to return in January,” Subburaj added.
While bitcoin and ether ETFs lost investor favor, XRP ETFs attracted over $1 billion in inflows in November and December. Meanwhile, Solana’s SOL ETFs pulled in more than $500 million.
KuCoin captured a record share of centralized exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the broader crypto market.
- KuCoin recorded over $1.25 trillion in total trading volume in 2025equivalent to an average of roughly $114 billion per monthmarking its strongest year on record.
- This performance translated into an all-time high share of centralized exchange volumeas KuCoin’s activity expanded faster than aggregate CEX volumeswhich slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly spliteach exceeding $500 billion for the year, signaling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activityreinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activityindicating structurally higher user engagement rather than short-lived volume spikes.
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BTC’s volatility bands have compressed to levels that have historically paved the way for a renewed price turbulence.
- Bitcoin’s price has been stable between $85,000 and $90,000 for two weeks, leading to a Bollinger Bands squeeze.
- The Bollinger Bands squeeze suggests a potential for significant price movement soon.
- Historical patterns show that such squeezes often precede major price swings.
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