Yesterday, ETF institutions had a net outflow of $282 million❗️ ETF spot institutions are just fair-weather players—they're definitely not the anchor of the BTC market, but more like fickle fence-sitters❗️ Right now, the buyers are mostly long-term holders and whales buying BTC, while some long-term holders, short-term speculators, retail investors, and miners are selling BTC whenever the price spikes. Oil prices have surged to $105, with a 70% chance of a rate hike. A BTC pullback and further decline is highly likely.