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The post Bitcoin Price Drops to $65K After BlackRock Bitcoin ETF Sees $32.99M Outflow appeared first on Coinpedia Fintech News Bitcoin fell sharply below $65,000 today after the latest U.S. Producer Price Index (PPI) came in higher than expected, putting pressure on risk assets. The weak sentiment also hit spot Bitcoin ETFs, which recorded a net outflow of $27.5 million. BlackRock Bitcoin ETF led the outflow with $32.99 million, as BTC erased all its recent gains. BlackRock’s Bitcoin ETF Records Outflow of $32.99 Million On February 27, BlackRock’s iShares Bitcoin Trust (IBIT) recorded a net outflow of $32.99 million, equal to roughly 499 BTC. Despite the single-day outflow, IBIT remains the strongest performer among U.S. spot Bitcoin ETFs. Just one day before the outflow, IBIT attracted $275.8 million in inflows on February 26, following another $297.4 million on February 25. And finally $78.9 million on 24th Feb.  Over those three days alone, U.S. spot Bitcoin ETFs recorded a combined $1.1 billion in net inflows, with IBIT accounting for more than half of that total. On-chain data shows that IBIT now holds close to 765,000 BTC, valued at more than $50 billion at current prices.  Bitcoin’s Weak February: A Rare Pattern Adding to concerns, Bitcoin is on track to close February in the RED, down nearly by 17.84%. This follows a January decline of 10.1%, marking the first time in Bitcoin’s history that both January and February have ended with losses. Historically, when February ends in red, March has often remained weak before markets stabilize.  Last year, in 2025, Bitcoin fell 17.40% in February, dropped another 2.3% in March, and later rebounded in April by 14%.  Similarly, in 2020 and 2014, February losses of 8.6% and 31% were followed by deeper March corrections of 24.9% and 17.25%. Will April Trigger the Next…

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Filed under: News - @ February 28, 2026 7:27 am