{"id":62906,"date":"2026-02-02T15:42:42","date_gmt":"2026-02-02T12:42:42","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=62906"},"modified":"2026-02-02T15:42:42","modified_gmt":"2026-02-02T12:42:42","slug":"after-strategy-red-figures-in-the-etf-market","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/","title":{"rendered":"After Strategy, Red Figures in the ETF Market!"},"content":{"rendered":"<p>The sharp pullback in Bitcoin\u2019s price has affected not only retail investors but also institutional investors and large funds. With weekend selling pressure pushing Bitcoin below the $76,000 level\u2014a critical threshold in the market\u2014this level has been closely monitored, particularly on the Strategy side. At the same time, U.S.-traded Bitcoin spot ETFs have also entered the loss zone due to this price movement, increasing pressure on institutional positions.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/#Sharp_Drop_in_Bitcoin_Key_Levels_Breached\" title=\"Sharp Drop in Bitcoin: Key Levels Breached\">Sharp Drop in Bitcoin: Key Levels Breached<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/#Bitcoin_Spot_ETFs_in_Even_Bigger_Losses\" title=\"Bitcoin Spot ETFs in Even Bigger Losses\">Bitcoin Spot ETFs in Even Bigger Losses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/#What_Is_Driving_the_Decline\" title=\"What Is Driving the Decline?\">What Is Driving the Decline?<\/a><\/li><\/ul><\/nav><\/div>\n<h3 data-start=\"463\" data-end=\"509\"><span class=\"ez-toc-section\" id=\"Sharp_Drop_in_Bitcoin_Key_Levels_Breached\"><\/span>Sharp Drop in Bitcoin: Key Levels Breached<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"510\" data-end=\"913\">On Saturday evening, intensified selling pressure drove Bitcoin below $80,000 and further down to $75,500. Starting the new week with a weak outlook, Bitcoin tested the $74,500 level during Monday trading. This sharp pullback, which pushed prices below the average cost levels of institutional investors, is seen as a key threshold in the market, while short-term volatility has increased significantly.<\/p>\n<p data-start=\"993\" data-end=\"1532\">Since 2020, Strategy has been regularly acquiring Bitcoin and currently holds 712,000 BTC on its balance sheet, with an average purchase price around $76,000. Bitcoin slipping below this critical level has sparked questions about whether \u201cStrategy will be forced to sell Bitcoin.\u201d However, there has been no official statement or signal from the company indicating a mandatory sale. Analysts suggest that Strategy is maintaining its long-term Bitcoin strategy, and short-term price fluctuations may not directly trigger a selling decision.<\/p>\n<h3 data-start=\"1534\" data-end=\"1577\"><span class=\"ez-toc-section\" id=\"Bitcoin_Spot_ETFs_in_Even_Bigger_Losses\"><\/span>Bitcoin Spot ETFs in Even Bigger Losses<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1578\" data-end=\"2047\">Following Strategy, an even more notable impact is seen in U.S. Bitcoin spot ETFs. According to Galaxy Digital research director Alex Thorn, the average cost basis of Bitcoin held by these ETFs is $87,830 per coin. Current prices being well below this level indicate that ETFs have entered the loss zone much earlier than Strategy, showing that institutional investors are under short-term performance pressure, which also partially explains capital outflows from ETFs.<\/p>\n<p data-start=\"2078\" data-end=\"2499\">Over the past two weeks, Bitcoin spot ETFs experienced net outflows of approximately $3 billion\u2014$1.5 billion last week and $1.3 billion the week before. Bitcoin ETFs are considered a critical indicator for gauging institutional investor interest and market sentiment. Outflows of this scale not only impact short-term price movements but also clearly demonstrate the strength and extent of selling pressure in the market.<\/p>\n<h3 data-start=\"2501\" data-end=\"2533\"><span class=\"ez-toc-section\" id=\"What_Is_Driving_the_Decline\"><\/span>What Is Driving the Decline?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"2534\" data-end=\"3118\" data-is-last-node=\"\" data-is-only-node=\"\">Analysts attribute Bitcoin\u2019s pullback to macroeconomic uncertainty, geopolitical risks, and increased risk-off sentiment in global markets. In particular, uncertainty regarding interest rate policies and global market volatility has led investors to take more cautious positions, adding additional pressure on high-cost institutional holdings. At the time of reporting, Bitcoin continues to trade around the $76,000 level. Whether it can hold above this level in the coming days will be critical for both Strategy\u2019s balance sheet stability and capital flows in U.S. Bitcoin spot ETFs.<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/a>\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The sharp pullback in Bitcoin\u2019s price has affected not only retail investors but also institutional investors and large funds. With weekend selling pressure pushing Bitcoin below the $76,000 level\u2014a critical threshold in the market\u2014this level has been closely monitored, particularly on the Strategy side. At the same time, U.S.-traded Bitcoin spot ETFs have also entered<\/p>\n","protected":false},"author":37,"featured_media":53121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[1766,60,393,840,847,336,58,5760],"class_list":["post-62906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin-btc","tag-btc","tag-crypto","tag-crypto-market","tag-crypto-news","tag-cryptocurrencies","tag-cryptocurrency","tag-digital-assets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>After Strategy, Red Figures in the ETF Market!<\/title>\n<meta name=\"description\" content=\"The sharp pullback in Bitcoin\u2019s price has affected not only retail investors but also institutional investors and large funds.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"After Strategy, Red Figures in the ETF Market!\" \/>\n<meta property=\"og:description\" content=\"The sharp pullback in Bitcoin\u2019s price has affected not only retail investors but also institutional investors and large funds.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-02T12:42:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/btc-etf-02-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Haciyev Re\u015fit\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Haciyev Re\u015fit\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/\",\"name\":\"After Strategy, Red Figures in the ETF Market!\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/btc-etf-02-1.jpg\",\"datePublished\":\"2026-02-02T12:42:42+00:00\",\"dateModified\":\"2026-02-02T12:42:42+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/0a41a1cb75098be284f7e4059f16414d\"},\"description\":\"The sharp pullback in Bitcoin\u2019s price has affected not only retail investors but also institutional investors and large funds.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/btc-etf-02-1.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/btc-etf-02-1.jpg\",\"width\":1280,\"height\":720,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"After Strategy, Red Figures in the ETF Market!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/0a41a1cb75098be284f7e4059f16414d\",\"name\":\"Haciyev Re\u015fit\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/81e6744485703e8cb037d007140fc0422afba118e8449ed7c8f37ecb2e6b4463?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/81e6744485703e8cb037d007140fc0422afba118e8449ed7c8f37ecb2e6b4463?s=96&d=mm&r=g\",\"caption\":\"Haciyev Re\u015fit\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cmhaciyev\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"After Strategy, Red Figures in the ETF Market!","description":"The sharp pullback in Bitcoin\u2019s price has affected not only retail investors but also institutional investors and large funds.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/","og_locale":"en_US","og_type":"article","og_title":"After Strategy, Red Figures in the ETF Market!","og_description":"The sharp pullback in Bitcoin\u2019s price has affected not only retail investors but also institutional investors and large funds.","og_url":"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/","og_site_name":"Coin Engineer","article_published_time":"2026-02-02T12:42:42+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/btc-etf-02-1.jpg","type":"image\/jpeg"}],"author":"Haciyev Re\u015fit","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Haciyev Re\u015fit","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/","url":"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/","name":"After Strategy, Red Figures in the ETF Market!","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/btc-etf-02-1.jpg","datePublished":"2026-02-02T12:42:42+00:00","dateModified":"2026-02-02T12:42:42+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/0a41a1cb75098be284f7e4059f16414d"},"description":"The sharp pullback in Bitcoin\u2019s price has affected not only retail investors but also institutional investors and large funds.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/btc-etf-02-1.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/10\/btc-etf-02-1.jpg","width":1280,"height":720,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/after-strategy-red-figures-in-the-etf-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"After Strategy, Red Figures in the ETF Market!"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/0a41a1cb75098be284f7e4059f16414d","name":"Haciyev Re\u015fit","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/81e6744485703e8cb037d007140fc0422afba118e8449ed7c8f37ecb2e6b4463?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/81e6744485703e8cb037d007140fc0422afba118e8449ed7c8f37ecb2e6b4463?s=96&d=mm&r=g","caption":"Haciyev Re\u015fit"},"url":"https:\/\/coinengineer.net\/blog\/author\/cmhaciyev\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/62906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=62906"}],"version-history":[{"count":1,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/62906\/revisions"}],"predecessor-version":[{"id":62907,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/62906\/revisions\/62907"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/53121"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=62906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=62906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=62906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}