
Major cryptocurrencies slipped over 1.5% amid sector-wide declines, with Bitcoin ETF outflows and negative U.S. demand signals tempering recent gains despite rising derivatives market activity.
Bitcoin fell 1.77% to $91,677.51 alongside broad crypto market losses, with all 16 CoinDesk sector indexes declining and the DeFi Select Index down 3.6%. Tuesday saw $243 million in outflows from U.S. spot Bitcoin ETFs after over $1 billion in inflows earlier this week, raising questions about the sustainability of January’s rally. The Coinbase Premium remains negative, indicating continued tepid U.S. investor demand, though crypto futures open interest has reached a two-month high and funding rates are improving. Bitcoin’s stronger correlation with the Japanese yen and upcoming U.S. macro data may add volatility. KuCoin reported $1.25 trillion in 2025 trading volume, its highest share of CEX activity ever, with altcoins leading turnover.