Hupzy (Spot On Chain)|6月 04, 2026 13:03
🚨 BlackRock's ETFs have bled $2.24B — 30,119 BTC and 162K ETH outflows in 10 days, the largest sustained institutional withdrawal since launch.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: When the dominant buyer becomes the dominant seller, the bid that props up drawdowns disappears. This isn't a fire-sale — it's a persistent overhang. $1.92B in BTC outflows represents ~0.15% of circulating supply, making any bounce harder to sustain. For ETH, the $320M drain compounds with existing treasury sell-offs. Until flows stabilize, the path of least resistance stays lower.
BTC key support at $53,800 was tested during the recent capitulation wave — a break below opens the door to $50K. ETH faces similar pressure with no clear institutional bid forming.
On-chain: https://arkm.com/explorer/entity/blackrock
--source: https://x.com/lookonchain/status/2062518260084732385
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