[Santiment: Bitcoin ETFs See Nine Consecutive Days of Outflows, Indicating Retail Capitulation Rather Than a Bearish Signal] Cryptocurrency sentiment platform Santiment posted that over the past ten days, Bitcoin ETFs experienced outflows on nine of those days, as retail investors seemed to lose patience after Bitcoin failed to break the $80,000 threshold. Santiment analysts believe this represents retail capitulation rather than a bearish judgment on price. This is because ETFs more accurately reflect retail confidence rather than the positions of professional funds. Historical cycles indicate that sustained selling by retail investors through ETF channels often coincides with localized accumulation phases by long-term holders. Additionally, since mid-May, Ethereum ETFs have shown an outflow trend, though the scale is much smaller than what social media commentary suggests. Moreover, the most recent trading day actually saw a net inflow.