‘Rally without conviction’: Bitcoin ETFs see $630M in outflows as corporate treasury demand drops and resistance builds
The Block
Bitcoin ETFs experienced $630 million in outflows as institutional investors utilized the recent price recovery as an opportunity to liquidate their holdings.Summary
Bitcoin ETFs recorded their largest single-day outflow since February, with investors treating recent price gains as exit windows rather than accumulation points. Analysts observe that corporate treasury demand has declined significantly, and institutional interest has narrowed primarily to ETFs. Macroeconomic pressures, including higher interest rates and concerns over Federal Reserve policy, continue to create resistance for Bitcoin's price growth, despite improved onchain metrics and realized profits.
(Source：The Block)