CoinDesk reports:

Foreign media report that over the past three weeks, U.S. spot Bitcoin ETFs have experienced sustained large-scale capital outflows, weakening the primary buying force that previously supported market rebounds. As Bitcoin falls below its key price range, selling pressure has further spread to major tokens such as Ethereum and Solana, significantly amplifying market volatility.

Continuous outflows from ETFs weaken buying support.

The article states that U.S. spot Bitcoin ETFs have recorded net outflows for 13 consecutive trading days, totaling approximately $4.4 billion, with BlackRock’s IBIT accounting for over $3.3 billion in outflows.

The report suggests that this means some institutional funds chose to reduce their…