Bitcoin RSI Hits 25.7, Most Oversold Level Ever

Galaxy Digital Head of Research Alex Thorn said Bitcoin's weekly RSI reading is lower than any time except the darkest of bears. The indicator dropped to 25.7 this week as Bitcoin touched $62,700 before recovering to $66,000.

Only two previous periods since 2016 showed lower RSI readings. November and December 2018 saw Bitcoin collapse from $6,000 to $3,000. June and July 2022 marked another brutal stretch. Both periods preceded extended accumulation phases before the next bull runs.

US spot Bitcoin ETFs have now shed ₱258.93 billion ($4.5 billion) in net outflows across 12 funds since the start of the year, according to SoSo Value. The redemption streak has lasted five weeks, matching the longest outflow period since the six-week stretch ending November 21. BlackRock's IBIT led the exodus with ₱120.83 billion ($2.1 billion) in outflows over the past five weeks alone. Fidelity's FBTC added another ₱54.89 billion ($954 million) in redemptions during the same period.

Glassnode data shows Bitcoin fell below 1 on its 90-day realized profit-and-loss ratio, indicating traders are now selling at a loss. The average ETF investor who bought near the peak now sits on roughly 20% unrealized losses, with entry prices around $84,100.

Ether ETFs mirrored the Bitcoin pressure with ₱7.09 billion ($123.3 million) in weekly outflows. BlackRock's ETHA alone posted $45.4 million in redemptions on February 23, contributing to five consecutive weeks of negative flows. Gold-themed ETFs pulled in $16 billion over the last three months during the same period Bitcoin funds hemorrhaged capital, with Bitcoin ETF assets under management declining 30.5% year-to-date to $117 billion from late 2025 peaks.