Bitcoin ETF Outflows Hit 13 Days as Institutions Cut Exposure Near $61K
Spot Bitcoin ETFs have experienced 13 consecutive days of outflows totaling over $4 billion since mid-May, signaling institutional holders are reducing exposure rather than providing the stabilizing bid they were expected to offer. With Bitcoin testing its 200-week moving average near $61,300 and the Fear and Greed Index hitting 12, the market faces extreme conditions that historically precede capitulation, though past cycles suggest this may not signal an immediate bottom.
