BTC ETF is experiencing a 'death spiral' ⚠️: From $170 billion to less than $100 billion, evaporating 40% (around $80 billion). Looking back at the wonderful year of 2024, the beautiful expectations crypto natives had for Bitcoin ETFs: We wanted 'decentralized gold,' but sadly, what we got is 'Wall Street-controlled casino chips.' Even scarier is the acceleration—$1.6 billion net outflow in January, $360 million in just the first week of February, with a single-day peak of $545 million. Key signal: ETF average cost is $84K-$88K, while BTC's current price is $65K-$70K, meaning all ETF investors are collectively facing a floating loss of 15%-25%. When redemptions trigger sell-offs, and sell-offs lead to more redemptions, once the positive feedback loop forms, $60K might be far from the bottom. Can your position still hold up?