Bitcoin loses a key source of demand as spot ETF flows turn negative
December 27, 2025 • 1m 35s
Dominic Chu (Senior Markets Correspondent)
00:00.860
bitcoin
prices
under
pressure
again
today
just
a
hovering
maybe
around
eighty
seven
thousand
right
now
down
twenty
percent
over
the
past
three
months
mackenzie
sagalos
joins
us
now
with
a
potential
cautionary
signal
for
crypto
bulls
heading
into
twenty
twenty
six
mac
what
can
Dominic Chu (Senior Markets Correspondent)
00:15.420
you
tell
us
MacKenzie Sigalos (Business News Reporter)
00:16.540
hey
dom
so
the
structural
buyers
that
were
supposed
to
put
a
floor
under
bitcoin
are
stepping
back
strategy
the
biggest
corporate
holder
of
BTC
just
this
week
disclosing
that
it's
stockpiling
cash
instead
of
adding
to
its
position
they
liquidated
seven
hundred
and
fifty
million
MacKenzie Sigalos (Business News Reporter)
00:30.710
dollars
in
shares
to
add
to
a
newly
formed
reserve
for
dividends
and
debt
payments
that
fund
didn't
exist
a
month
ago
and
now
has
two
point
two
billion
dollars
in
its
coffers
in
the
spot
bitcoin
etfs
aren't
picking
up
the
slack
flows
have
been
net
negative
for
five
consecutive
MacKenzie Sigalos (Business News Reporter)
00:45.750
trading
days
so
now
you've
got
thinner
liquidity
the
reliable
buyers
on
the
sidelines
and
more
speculative
retail
as
the
marginal
bid
which
means
that
every
downdraft
is
hitting
harder
now
the
next
potential
forced
seller
event
hits
january
fifteenth
msci
decides
whether
to
boot
MacKenzie Sigalos (Business News Reporter)
01:02.310
strategy
and
other
crypto
heavy
companies
from
its
indexes
arguing
that
they
look
more
like
investment
funds
than
operating
businesses
JP
morgan
estimates
that
could
trigger
up
to
nearly
nine
billion
dollars
in
passive
outflows
from
strategy
if
other
index
providers
followed
MacKenzie Sigalos (Business News Reporter)
01:16.750
their
lead
and
it's
not
just
strategy
feeling
the
pressure
the
broader
digital
asset
treasury
trade
is
unwinding
bitcoin
immersion
the
biggest
ethereum
treasury
play
backed
by
tom
lee
is
down
more
than
eighty
percent
from
his
summer
highs
dom
Dominic Chu (Senior Markets Correspondent)
01:31.870
all
right
mackenzie
sakalos
thank
you
very
much
for
that
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