Viewpoint: Bitcoin's current rebound should be treated with caution, $57,000 can be expected for long-term demand recovery

February 3rd — Crypto ETFs have seen consistent net outflows since January 19, according to analyst @alicharts, who flagged the trend yesterday. During the week of January 19, ETFs sold off roughly 17,400 bitcoins; the following week saw another 9,540 BTC exit via these funds. This marks two straight weeks of outflows after prices dropped below the ETF cost basis. The analyst warns the recent rebound should be approached with caution: without fresh capital inflows, the uptick may be a retracement, not a trend reversal. If selling pressure ramps up, the next critical level to watch is the 200-week moving average, currently near $57,000. Historically, this level has acted as a key macro support during extended pullbacks and could also be a spot for long-term demand to rebound strongly. Per BlockBeats, as of press time, U.S. crypto ETFs posted net inflows on the week’s first trading day — with no signs of panic selling among ETF investors triggered by market concerns.