On February 13, U.S. spot Bitcoin ETFs experienced a new round of selling. On the same day, Standard Chartered Bank lowered its price forecast for Bitcoin in 2026, prompting the market to reassess its medium-term outlook.
Data shows that on that day, total net outflows from spot Bitcoin ETFs amounted to $410.4 million, with weekly outflows reaching $375.1 million. If no significant inflows occur subsequently, this will be the fourth consecutive week of negative fund flows. The total assets under management for related funds have fallen back to approximately $80 billion, well below the nearly $170 billion peak in October 2025.
Against the backdrop of continued capital outflows, Standard Chartered Bank lowered its 2026 Bitcoin target price from $150,000 to $100,000 and warned that before a rebound, the price could further decline to $50,000. The bank also predicted that Ethereum might drop to around $1,400 before recovering to higher levels within the year.
Market sentiment is also reflected in the performance of multi-asset ETFs. Bitcoin-related products generally came under pressure, with Ethereum ETFs experiencing over $100 million in outflows, indicating that investors are becoming more cautious about risk assets in the short term. In contrast, Solana-related ETFs saw a slight net inflow, making them one of the few assets to perform countertrend.
On-chain and derivatives analysis firms believe Bitcoin is still in the mid-stage of a bear market cycle. CryptoQuant pointed out that key support levels around $55,000 have not been fully tested, and the market has not yet entered an “extreme bear market” phase. Historical experience shows that true cycle bottoms are often accompanied by larger unrealized losses among long-term holders.
As of press time, Bitcoin hovered around $66,000, with short-term resistance still present. With ETF capital flows, macro environment, and institutional expectations all weakening simultaneously, the market will closely watch whether the $50,000 to $55,000 range will become the new battleground for bulls and bears.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Whale Sends $20M in BTC to Binance, Hinting at Possible Sale
A bitcoin whale transferred 300 BTC worth over $20 million to Binance, prompting speculation about a potential sale. Despite this move, the wallet still holds 200 BTC, currently valued around $13.8 million, suggesting the owner may face losses.
CryptoNewsFlash18m ago
Solo Bitcoin Miner Hits $210K Block Reward in Rare CKpool Win
A solo Bitcoin miner using CKpool secured a rare success, solving a block and earning 3.139 BTC worth about $210,000, despite running a modest setup of 230 TH/s, which has a 1-in-28,000 chance of success daily.
CryptoNewsFlash21m ago
Bitcoin Breaks $72K as $280M Bear Liquidations Test Fragile Truce
Bitcoin extended a sharp intraday move higher on Tuesday, rising about 6% within four hours as risk appetite improved in tandem with a broader rally in global equities after news of a two-week ceasefire between the United States and Iran. The swift price surge coincided with a wave of liquidations i
CryptoBreaking1h ago
BTC drops 0.62% over 15 minutes: exchange net inflows intensify and short-term arbitrage converges to trigger volatility
From 18:00 to 18:15 on April 9, 2026 (UTC), the BTC price return recorded -0.62%, closing in the range of 71857.8 to 72375.1 USDT, with a trading range of 0.72%. Market attention was notably elevated, volatility intensified, and capital moved quickly within a short period. Overall market sentiment has become more cautious, and investors’ willingness to trade in the short term has increased.
The main driving force behind this abnormal move is an increase in net inflows to BTC exchanges during the anomaly window; the 10-minute net flow reached 755.92 BTC, indicating that some investors chose to transfer funds to exchanges to seek arbitrage opportunities in the midst of the volatility issue
GateNews2h ago
