U.S. Bitcoin ETFs saw $3.8B in outflows over five weeks, markets plunged, and crypto winter deepened amid weak sentiment and massive losses.

U.S.-listed position With BlackRock's IBIT leading withdrawals, Bitcoin ETFs saw $3.8 billion in outflows for the fifth straight week, the longest run since early 2025. In the midst of a $19 billion flash crash brought on by Trump's tariff threats, Bitcoin and Ethereum saw their worst starts to the year on record, dropping 24% and 34%, respectively. With trading volume at its lowest level since 2025, the cryptocurrency market cap fell to $2.26 trillion. Retail investors lost $4.3 billion when the meme coins TRUMP and MELANIA crashed. A suspended crypto lender, exchange losses, and poor investor sentiment are among the industry's problems, which have led to discussions of a "Crypto Winter" in spite of growing institutional and regulatory interest.