Bitcoin Chill: Nearly $26M Leaves Bitwise’s BITB as Crypto Sentiment Softens

Bitcoin Chill: Bitwise’s BITB Sees Nearly $26M Walk Out as Traders Lose Nerve

The Bitwise Bitcoin ETF Trust’s BITB recorded net outflows of $25,870,890 on January 22, 2026, a notable pullback that highlights renewed investor caution around spot bitcoin exposure. The move represents roughly 0.74% of the fund’s latest reported assets under management, which stand at $3,491,744,670, signaling meaningful but not yet destabilizing repositioning within the product.

The outflow, while modest relative to total AUM, suggests some holders are locking in gains or cutting risk amid heightened volatility in the underlying crypto market. For a vehicle that had previously benefited from strong inflows during bitcoin’s ascent, the shift underscores how quickly sentiment can swing when the macro backdrop and price momentum turn less favorable.

The related asset, BTC-USD, is currently trading around $87,786.01. Over the past three months, bitcoin has dropped approximately 22.11%, erasing a chunk of earlier upside and putting pressure on leveraged and short-term speculative positions. The 1-day technical outlook has deteriorated as well, with a prevailing Sell signal, reflecting weakening trend indicators and growing downside risk in the near term.

For ETF investors, the combination of sustained price weakness and bearish technicals in bitcoin is feeding into cautious behavior, as reflected in BITB’s latest flows. While the outflow is far from a capitulation event, it does mark a shift from the accumulation pattern that characterized earlier phases of the bitcoin rally and may foreshadow more selective risk-taking among institutional allocators.

For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.