Looking at the data for BlackRock's BTC spot ETF IBIT compiled by Bloomberg, the largest Bitcoin ETF institution has been experiencing outflows for six consecutive weeks. Based on the data, this is already the largest net outflow in history. Many folks are feeling pretty pessimistic about BTC, but looking at the most concrete data, the total net outflow over these six weeks is just 30,000 BTC. Currently, BlackRock still holds 776,000 BTC, compared to the peak of 806,000 BTC. So thinking it's time to be pessimistic now is a bit premature. Plus, the vast majority of ETF investors aren't short-term holders. Bitget VIP—lower fees, bigger perks.