IBIT had a net outflow of $300 million yesterday. Strategy is also selling. BTC dropped to 59,370. MiCA compliance deadline takes effect today. Crypto companies are reassessing Europe. Dubai is stepping in. XRP held strong at $1 against the trend. Institutions are selling BTC. Crypto companies are relocating. Licenses are being switched from the EU to Dubai. The absence of spot ETF buyers concerns me more than BTC's price itself. If 60K can't hold, 58,000 will be repeatedly tested.