Bitcoin Falls 3.2% as U.S. ETF Outflows Reach $635 Million

Bitcoin fell 3.2% Thursday, touching $80,840, as $635 million left U.S. spot Bitcoin ETFs and concerns about AI infrastructure financing weighed on risk assets across markets.

Bitcoin traded below $82,000 ahead of Friday’s Wall Street open. The decline kept it within a recent range of $80,000 to $87,000.

U.S. spot Bitcoin ETFs recorded $635 million in net outflows Thursday, their largest single-day total since late June. Crypto liquidations reached $336 million over the 24 hours through 8 a.m. ET (12:00 UTC) Friday, including $281 million in long-position liquidations.

CoreWeave shares fell 15.5% week to date through Thursday’s U.S. market close, reaching their lowest level since May 2025. Bernstein cut its CoreWeave price target from $74 to $51, contributing to pressure on the stock.

South Korea’s KOSPI Composite Index opened at 5,402 Friday and fell as low as 5,305, its lowest level since late July. It closed 0.3% higher on the day.

QCP Capital wrote, “The spread of credit stress across the neocloud infrastructure sector has triggered broader equity market weakness as institutional investors evaluate capital expenditure commitments and profitability across technology firms dependent on AI infrastructure expansion.” Nvidia CEO Jensen Huang described a “scarcity of capital” for neocloud construction Thursday, saying demand for capital exceeded its availability.

A previous decline in U.S. stocks and Bitcoin miners tied to AI infrastructure concerns followed an above-forecast inflation reading.