π’ For the past nine days in a row, outflows from spot Bitcoin ETFs have been observed. The biggest daily withdrawal of the streak occurred on May 27, when $733 million was taken out of the coffers. Yesterday, $527.8 million left BlackRock's IBIT, the largest outflow to date.
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π’ CryptoQuant CEO Ki Young Ju has cautioned about unusually strong Bitcoin selling pressure. He noted that despite ETFs and MicroStrategy accumulating over 1.2 million BTC since March 2024, prices have remained largely flat, suggesting significant redistribution of holdings.
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