The next Bitcoin shock could be where Wall Street finally loses faith and starts selling
Bitcoin's price dropped below $67,000 this weekend, after a brutal slide that left it more than 40% below its October 2025 peak.
In February, BTC had fallen about 47% from its high near $126,000.
In an earlier version of this market, that kind of drop would cause all kinds of ugly reactions that would spread way beyond the spot market.
Fear would spread like wildfire, long-term holders would run, and the selling would feed on itself.
But this time, almost none of this happened.
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Mar 27, 2026 · Liam 'Akiba' Wright The most interesting part of this pullback wasn't the price action itself, but the behavior around it.
Even through a drawdown as deep as this, the US spot bitcoin ETF complex held up far better than anybody expected.
Eric Balchunas, the chief ETF analyst at Bloomberg, said in February that only about 6% of ETF assets had left during the decline.
The arrival of spot bitcoin ETFs was always framed as a gateway moment for crypto, but the larger shift may be showing up now, when the market is under immense pressure.
Bitcoin has a new class of holders, and they appear to be less eager to bolt at the first sign of pain.
The SEC approved spot bitcoin exchange-traded products in January 2024, and trading began the next day.
What followed was one of the biggest product launches in ETF history.
By March 27, Farside’s data showed about $56.1 billion in cumulative net inflows across US spot Bitcoin ETFs since launch.
