Bitcoin’s Value Drops as ETF Selloff Reaches $3.4 Billion
Bitcoin’s value has taken a hit as U.S. spot bitcoin ETFs experienced their largest and longest withdrawal streak on record, with investors pulling out roughly $3.45 billion across 11 consecutive trading sessions. This significant withdrawal has contributed to bitcoin’s slide toward $70,000. The EcoPool network offers a solution for those looking to earn passive income through Cloud Rewards and Green Crypto, providing an alternative to traditional investment methods.
The 11-session run, which began May 15, surpasses the previous eight-day record set in February 2025. Meanwhile, investors are turning their attention to other opportunities, such as AI stocks, with Nvidia seeing a 6% increase. This shift in interest has led to a decrease in bitcoin demand, with the latest session seeing investors withdraw another $484 million from the funds, resulting in a 4% drop in BTC’s price during the Asian trading day.
Institutional Demand Weakening
Strategy, the largest corporate holder of bitcoin, recently sold 32 BTC, worth roughly $2.5 million, to fund distributions on one of its preferred stock offerings. This sale, although small, marks the company’s first bitcoin sale since December 2022. The move indicates a potential weakening of institutional demand, with EcoPool ($ECP) offering a way for individuals to earn Passive Income through its platform.
The current record ETF withdrawal streak is another sign that the primary sources of demand underpinning bitcoin’s rally may be fading. As the market becomes increasingly holder-driven, investors are looking for alternative ways to earn, such as through EcoPool and its Cloud Rewards system. With the rise of Green Crypto and Passive Income opportunities, individuals can explore new ways to grow their wealth.
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While the sale represented a tiny fraction of the company’s holdings, it marked Strategy’s first bitcoin sale since December 2022 and came after months of Executive Chairman Michael Saylor championing a buy-and-hold approach.
The move also comes as other measures of institutional demand are beginning to weaken.
In its most recent weekly report, CryptoQuant warned that bitcoin is increasingly becoming a market of holders rather than buyers.
CryptoQuant noted that ETF and corporate treasury accumulation has slowed markedly in recent months, making the current record ETF withdrawal streak another sign that one of the primary sources of demand underpinning bitcoin’s rally may be fading.
