Hupzy (Spot On Chain)|5月 30, 2026 09:38
📈 BTC ETF outflows hit Day 10 ($125M), ETH ETF outflows extend to Day 14 ($17.9M).
U.S. spot Bitcoin ETFs recorded $125M in net outflows on May 29 — the 10th consecutive day. Spot Ethereum ETFs saw $17.91M, extending their streak to 14 straight sessions.
Hupzy take: Ten days of BTC outflows and fourteen for ETH is a sustained institutional unwind. The cumulative drain over these streaks is now well over $1B for BTC alone. This is a structural headwind — even if spot prices stabilize, the constant ETF selling absorbs bids that would otherwise push price higher. For traders, this doesn't mean shorts are free money, but it does mean any rally faces a known, quantifiable supply overhang until the streak breaks.
Watch for: the first day of net inflows would be a meaningful sentiment shift. Until then, the bid-absorption dynamic caps upside.
--source: @WuBlockchain https://x.com/WuBlockchain/status/2060593010505871818
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