📉 Bitcoin spot ETFs just recorded their worst 30-day outflow since launch. $6.4B has left spot BTC ETFs over the past month, even though BTC has seen larger monthly drawdowns before. That makes the flow itself worth watching. ⚠️ Cumulative net inflows have fallen from around $63B near last October’s peak to roughly $53.4B now. 🔁 But BlackRock’s Jay Jacobs noted, ETF outflows can happen for a million reasons. Part of it may simply be IBIT-to-BITA rotation. In that view, this is short-term ETF volatility, not necessarily a change in the long-term Bitcoin thesis. 💡 Outflow warning or short-term noise? What is your long-term view on Bitcoin?(BloFin Research)