Bitcoin Jitters Hit Fidelity’s FBTC as $149 Million Walks Out in a Day

Bitcoin ETF Sees Rare Outflow as Volatility Tests Investor Nerves

The Fidelity Wise Origin Bitcoin Fund, FBTC, recorded a sharp daily outflow of $148.7 million on February 4, 2026, in one of its more notable reversals of recent months. The redemption, equivalent to roughly 1.02% of the fund’s latest assets under management of $14.57 billion, suggests a segment of investors is locking in profits or de-risking amid renewed pressure on the underlying crypto market.

While the one-day flow amounts to only a sliver of FBTC’s overall size, such a sizable withdrawal in a single session underscores how quickly sentiment can shift in listed bitcoin vehicles, particularly after a period of elevated price swings. The move may reflect tactical repositioning by short-term traders rather than a structural exodus, but it nonetheless highlights the sensitivity of ETF holders to abrupt market drawdowns.

The related asset, BTC-USD, is currently trading around $65,709.84, capping a bruising three-month stretch in which the world’s largest cryptocurrency has fallen about 36.74%. The coin’s short-term technical backdrop remains fragile, with a 1-day signal flashing Sell, reinforcing the risk-off tilt seen in FBTC’s latest flows.

For longer-term investors, the divergence between bitcoin’s deep three-month drawdown and only modest outflows from a major spot ETF like FBTC may still signal underlying conviction in the asset class, even as leveraged and momentum-driven money exits. But with technicals under pressure and flows turning negative at the margin, the next few sessions could prove critical in determining whether this is a temporary shakeout or the start of a more prolonged consolidation in crypto-linked funds.

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