🔴 We are witnessing the largest liquidity drawdown ever recorded on ETFs.
With an average realized price around $86,000, the majority of ETF inflows that entered since the October 2025 ATH are now sitting at a loss.
💥 More than $6B has exited spot Bitcoin ETFs over the same period, marking an all-time record since their approval.
After this wave of profit-taking for some and panic-selling for others, ETF flows have started to stabilize on average over the past two weeks.
👉 With Bitcoin liquidity remaining periodically thin, the impact of ETFs becomes even more significant, making it essential to keep a close eye on ETF flows.

Twitter

I. It suddenly started charging money, but you probably didn't even notice.

You might have seen pages like these:

- "Probability of Trump winning the 2024 election: 51.3%"

- "Probability of the Fed cutting interest rates in March: 68.7%"

- "LPL Spring Split Finals, BLG's odds of winning: 1.39"

This isn't a betting website, nor is it media commentary; it's a special entity in the Web3 world—a prediction market.

Simply put, it's a mechanism where you "vote" with real money: you believe something will...

Polymarket, the world's largest prediction market, has started charging fees! Behind this lies a sobering struggle over regulation, survival, and timing.

The most visible bitcoin buyers in the world are buying at near-record pace. It is not enough.
A CryptoQuant weekly report showed overall 30-day apparent demand at negative 63,000 $BTC as of late Marc...

Five data sources say the same thing about bitcoin market. It's thinning from the inside

The current crypto market is in a crucial transitional phase. After months of correction, Bitcoin has recently rebounded slightly and retested a key support level it had previously breached. However, overall, the market recovery remains fragile, and the trend remains vulnerable. Accumulating macroeconomic pressures, weakening liquidity, and approaching key policy events are causing a shift in market pricing logic. Entering April, while there are seasonally stronger expectations, historical performance has been highly divergent, suggesting that market movements are more likely to be driven by liquidity, positioning, and macroeconomic catalysts, rather than simple cyclical repetition.

Support repeatedly validated: Trend fragile...

BIT Research: Bitcoin Approaching Key Support, April May Be a Decisive Period for Direction

You mean there is a difference between Maartuns’ chart value and other sources ?

Yes but using different calculation method by @AxelAdlerJr

Interesting 👍
But I can’t say as Maartun don’t set the query as public.
Maybe the source is different as well.

I compared my query with the one created by @AxelAdlerJr, and I believe Axel’s approach is better.
My query was written when the ETF data had just been published and therefore relied on several assumptions that no longer hold. As a result, I will be updating the BTC ETF Realized Price in my queries soon.

Awesome Maartun thank you for checking 👍

Guys, most of the SQL written last year needs review and revision. I really hope there will be time this year to tackle it.

True and given the amount of SQL you’ve both written, I wish you strength guys 😅