Bitcoin (BTC) Gives Back All of 2026 Gains…$490 Million in Net Outflows From ETFs in a Day

JH Kim

Summary

Bitcoin (BTC) was reported to have erased all gains since the start of 2026 and fallen to around the $87,000 level.
U.S.-listed spot Bitcoin ETFs saw net outflows of about $490 million in a day, described as one of the largest daily fund outflows in recent times.
The market says escalating geopolitical tensions and a broad increase in volatility are putting downward pressure on Bitcoin prices, with the possibility raised of a test of key support in the $80,000–$84,000 range.

Bitcoin (BTC) has erased all of its gains since the start of 2026, sliding to around the $87,000 level.

According to Walter Bloomberg, a breaking-news account, on the 21st (local time), Bitcoin was up as much as 12% at one point this year, but has recently plunged as risk-off sentiment spread.

At the same time, U.S.-listed spot Bitcoin exchange-traded funds (ETFs) recorded net outflows of about $490 million in a single day. That is one of the largest daily withdrawals seen recently.

The market is pointing to heightened geopolitical tensions and a broader rise in volatility as weighing on Bitcoin prices. Some participants are also raising the possibility that Bitcoin could test key support in the $80,000–$84,000 range in the near term.