Net outflows for US spot Bitcoin ETFs reached almost $1 billion on Tuesday, continuing a trend of significant losses. This comes as a broader market sell-off is caused by concerns over macroeconomic issues, particularly President Trump's tariff threats. Fidelity's FBTC and BlackRock's IBIT saw the largest outflows, with $344 million and $164 million in redemptions respectively. Other Bitcoin ETFs, including Bitwise's BITB and Grayscale's BTC, also experienced substantial outflows. These net outflows exceed those seen on December 19 when Bitcoin dropped below $97,000. The panic in the market is believed to be a response to the tariff confirmations by President Trump, which have led to liquidations across the crypto market. Bitcoin's price has dropped below key support levels and is approaching its 200-day EMA at $85,696, with a potential breakdown expected if this support fails.



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