ETFs Shed $70.6M as Liquidations Top $316M
Capital is flowing out of regulated cryptocurrency products, signaling growing investor caution. On Friday, spot Bitcoin exchange-traded funds (ETFs) experienced $27.6 million in net outflows, while their Ethereum counterparts saw an even larger exit of $43 million. This flight of institutional capital coincides with broad market instability, evidenced by $316.95 million in leveraged position liquidations across the market in the 24 hours leading up to March 2, 2026. The combined data points to a clear deleveraging event and weakening conviction among large-scale investors.
Bitcoin Holds $66,000 Support Despite Extreme Fear
Despite the significant outflows and market-wide liquidations, Bitcoin's price remained stable around the $66,000 mark. This price resilience contrasts sharply with market sentiment, which remains in a state of "extreme fear." The stability is being tested by rising geopolitical tensions between the U.S. and Iran, which are contributing to the risk-off mood. The current dynamic suggests that the $66,000 level is a critical support line; a break below this point could trigger accelerated declines, particularly for more volatile altcoins, as negative sentiment and capital flight intensify.
