In 2026, only nine cryptocurrency exchanges have announced or completed shutdowns, the lowest yearly count in at least eight years, according to data from Alphractal. Weekly Bitcoin ETF readings showed net outflows of $11.64 million while Bitcoin traded near $64,984. The funds still hold approximately $78.71 billion in net assets, but some institutional investors are stepping back during hard times. The BitMEX platform will cease operations on September 23 after eleven years of activity, affected by growing competition and regulatory pressure. Exchange shutdowns no longer reliably signal a market bottom as they once did; institutional flows have become a more relevant measure of market sentiment in the current cycle.
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