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Bitcoin Bulls Hold the Line as Fidelity’s FBTC Sees a Wave of Profit-Taking Outflows

Bitcoin Bulls Hold the Line as Fidelity’s FBTC Sees a Wave of Profit-Taking Outflows

Bitcoin jitters surfaced in the ETF arena as Fidelity’s flagship Fidelity Wise Origin Bitcoin Fund, FBTC, recorded outflows of $86.13 million on May 13, 2026. The redemption, while sizable, represents just about 0.57% of the fund’s $15.18 billion in assets under management, underscoring that core investor capital remains largely intact.

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The related asset, BTC-USD, is currently trading at $80,441.04 after advancing roughly 18.40% over the past three months. Despite the latest ETF outflows, the coin’s short-term outlook remains upbeat, with a 1-day technical signal flashing Strong Buy, suggesting traders still see upside in the underlying asset.

The divergence between ETF flows and price momentum highlights a market in rotation, as some investors lock in gains while others continue to ride Bitcoin’s trend. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

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