Bitcoin ETFs in the U.S. record their biggest weekly withdrawals since November, possibly pointing to a BTC price floor.

U.S. Bitcoin (BTC $88,748.27) ETFs recorded their largest weekly outflows since November, a signal often associated with short-term price bottoms.

Data from SoSoValue shows that $1.22 billion exited ETFs over the four days ending Thursday, including $479.7 million on Tuesday and $708.7 million on Wednesday. Bitcoin fell about 5% during the same period and has been largely flat since the start of the year.

Historically, heavy ETF outflows have coincided with local lows. In November, a four-day withdrawal of $1.22 billion preceded a rebound from around $80,000 to above $90,000. Similar patterns occurred in March 2025, before tariff-related market turbulence, when Bitcoin dropped to $76,000, and in August 2024, when it bottomed near $49,000 during the unwind of the yen carry trade.

Glassnode data indicates the average cost basis for ETF investors is $84,099, a level that has historically acted as support during prior pullbacks.

The combination of elevated outflows and historically significant support levels suggests Bitcoin could be approaching a potential short-term bottom.