Bitcoin Faces An 'Irrational' Sell-Off—What The Data Warns About These 5 ETFs

Bitcoin (CRYPTO: BTC) is reeling from a correction that analysts dub an "irrational" sell-off.

As the flagship cryptocurrency briefly plunged below $60,000, new data reveals that five major spot Bitcoin ETFs are bearing the brunt of the damage, plummeting into the bottom ten percent in key momentum metrics.

The Edge Ranking Collapse According to Benzinga Edge Stock Rankings, momentum scores for five prominent Bitcoin ETFs—Bitwise Bitcoin ETF (NYSE:BITB), Coinshares Bitcoin ETF (NASDAQ:BRRR), Grayscale Bitcoin Mini Trust ETF (NYSE:BTC), VanEck Bitcoin ETF (BATS:HODL), and iShares Bitcoin Trust ETF (NASDAQ:IBIT)—have suffered a severe contraction.

The momentum score, which measures a stock's relative strength based on price movement patterns and volatility, collapsed from 10.43 to 6.32 for all five funds.

This steep decline squarely places these ETFs in the bottom 10% of the market.