The net outflow time of ETF institutional funds has reached a historical high! ETF fund flow: net outflow for 4 consecutive days, institutions are still withdrawing! On June 10th, the Bitcoin spot ETF had a net outflow of $214 million, marking multiple consecutive trading days of net outflows. The red area in the chart below is bright!! Sub item data: BlackRock IBIT: Net outflow of $148 million (outflow mainstay) Grayscale GBTC: Net outflow of 87.91 million US dollars Grayscale Mini BTC: Net inflow of $17.52 million Fidelity FBTC: Net inflow of $4.04 million Although the price rebounded from 60694 to 63200, ETF funds continue to experience net outflows. BlackRock IBIT has been the main outflow force for several consecutive days. Some individual ETFs have seen inflows, but the scale is much smaller than the outflows from IBIT and GBTC, and the overall trend has not yet turned. The continuous outflow of ETFs means that institutional funds are still withdrawing. When the largest institutional buying turns into continuous selling, price support is withdrawn. This is not a marginal disadvantage, but a structural core suppression. The current flow of funds is very emotional: ETF institutions are running away early and continuously selling BTC, especially BlackRock Group. Retail investors are buying BTC to take orders. Who is right and who is wrong, time will reveal the answer.