Key Insights
Bitcoin ETF outflows hit $817.9 million as the crypto market cap fell 6%.
SoSoValue data showed Bitcoin and Ethereum funds lost nearly $1 billion.
CryptoQuant linked the drop to leverage, with Hyperliquid longs wiped out.
Bitcoin ETF outflows hit U.S. markets on Thursday amid a broad crypto sell-off. SoSoValue data showed $817.9 million outflow from spot Bitcoin exchange-traded funds. Bitcoin and Ether funds recorded almost $1 billion in outflows overall.
The total crypto market capitalization fell about 6% on the day. CoinGecko data showed a market cap of $2.92 trillion at the time of writing. The market lost almost $200 billion after peaking above $3 trillion earlier.
Bitcoin traded near $82,750 while Ether traded near $2,736. The same SoSoValue figures showed spot Ethereum ETF (exchange-traded funds) lost $155.6 million. XRP funds shed $92.9 million during the same session.
Bitcoin ETF Outflows Set a Post-Nov. 2025 Record
SoSoValue said Thursday marked th
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